Udenna Interested in Becoming NMP

Udenna Corp., the parent company of Phoenix Petroleum Philippines Inc. (PSE: PNX) and Chelsea Logistics Holdings Corp. (PSE: CLC), expressed earlier its interest to participate in the Philippine Government’s plan to bring in a New Major Player (NMP), and its recent purchase of selection documents from the National Telecommunications Commission (NTC) yesterday, October 8, 2018, is a confirmation of the said expressed interested.

Specifically, in the area of logistics, a crucial component of the telecommunications industry, Chelsea Logistics will explore opportunities in this sector.

However, for the time being, the company is still doing its own comprehensive research and study on the probable participation in the bid. Nothing has been finalized yet, including potential partnerships with foreign or local companies.

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