By Raïssa Robles
Based on financial reports Mislatel (Mindanao Islamic Telephone Company) has submitted to the Securities and Exchange Commission, it’s not clear whether it has ever been fully operational.
In 2015, Mislatel recorded ZERO sales and ZERO inventory. And that was after 17 years it got its franchise from Congress.
Because of this, it’s not clear – despite the seal of good housekeeping issued to it by the National Telecommunications Commission – whether it has ever fulfilled the conditions of its franchise. Or because of this, its franchise is deemed revoked. [READ MORE…]