Congress approved last May 20 a legislative measure allowing the Mislatel consortium to acquire control from franchise holder Mindanao Islamic Telephone Company.
The House of Representatives pointed out that Mislatel has failed to diligently submit within 60 days from the end of every year the required annual report to the Congress. Nevertheless, non-compliance with reportorial requirement did not affect the validity of Mislatel?s franchise.
The lone winning bidder, Mislatel, still needs to undergo a document verification phase within three calendar days before it is confirmed as the country?s third telco player.
