Converge ICT interested to team up with Mislatel for telecom operation

posted December 09, 2018 at 07:40 pm
by  Darwin G. Amojelar
Converge ICT Solutions Inc. said it is open to teaming up with Mislatel Consortium of Davao-based businessman Dennis Uy and China Telecommunications Corp. to support the third telco’s operations. 

“We sell to other providers and we don’t see any problem working with Mislatel. It’s business,”  Jesus Romero, chief operating officer of Converge ICT, said.  

“We’re open to support anyone, because wholesale is an existing business... We have a network that can cover 50 percent of the population,” he said.

Mislatel, in its submitted highest committed level of service bid that won them the new major player title, committed to deliver 27 megabits per second of minimum average broadband speed in its first year before upgrading to 55 Mbps in the next four years. 

Mislatel Consortium said it would spend P257 billion in infrastructure and service rollout during the five-year period.

Converge ICT earlier signed strategic partnerships with foreign and local telecommunications companies to roll out high-speed broadband network nationwide over five years for $2 billion. 

Under the partnership, Korea Telecoms, LSI-Fibernet Konstruk Corp., and TE Connectivity Subcom will help Converge ICT build and deploy the infrastructure necessary to provide pure end-to-end fiber internet connectivity at a nationwide scale.

Converge ICT will fund the project through borrowings and equity. 

The rollout has the potential to reach more than 13 million of the 22 million households nationwide, particularly the major islands in the Visayas and Mindanao.

Converge ICT said it was expecting to sign more partnerships to further improve its service offerings.

Topics: Converge ICT Solutions Inc. , Mislatel Consortium , Dennis Uy , China Telecommunications Corp.
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