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Both Udenna Corporation and Communist china Telecom which are office of the Mislatel Consortium accept signed a $5.4-billion bargain in Red china during the Belt and Route Initiative event. The amount will exist invested in developing and deploying the equipment and services of the tertiary telco in the Philippines.

Just a few months ago, Mislatel has been canonical by NTC and DICT equally the provisional 3rd major telco operator. The Mislatel Consortium composed of Udenna Corp., Chelsea Logistics, and China Telecom. Both start names are local companies headed by Dennis A. Uy.

Read: 5G Locations in the Philippines of Globe, SMART, and Mislatel

Recent news confirms that Mislatel will indeed start its performance by this year and by having its first subscribers according to DICT Secretarial assistant.

On the other hand, Globe and Smart-PLDT are racing to launch the 5G network in the Philippines. The former is already announcing the 5G availability by June this year with an initial speed of 100Mbps.

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Read: Why GCash is the best option for bank transfer and deposit

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