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China Telecom and Duterte ally set for Philippine telecom license

PLDT and Globe Telecom shares plunge at prospect of new entrant

Representatives from Udenna and China Telecom hug after their partnership was named the "provisional" winner of a third mobile communications license in the Philippines on Nov. 7. (Photo by Cliff Venzon)

MANILA -- An alliance between China Telecom and Davao-based tycoon Dennis Uy is poised to clinch the third major telecom license in the Philippines after it emerged as the lone qualified bidder at an auction on Wednesday.

Mislatel Consortium -- comprising Uy's Udenna and Chelsea Logistics Holdings, Mindanao Islamic Telephone and China Telecom -- has been declared the "provisional" new player, said Selection Committee Chair Ella Blanca Lopez. Uy has close ties to President Rodrigo Duterte and donated to his election campaign.

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