The Misamis Oriental Telephone System, Inc. (Misortel) needs upgrading of equipment and technology to remain competitive and be at par with other communication giants in the city and in the province, Governor Oscar S. Moreno of Misamis Oriental said.
During the Misortel regular board meeting last month, Moreno who chairs the Misortel board, directed operations manager Relio B. Acero to facilitate requirements for auditing work that will be undertaken by SGV accounting firm.
Expected to start this month, result of the auditing work would be presented to stakeholders willing to invest with Misortel as the provincial government’s future communication partners.
Started as a common battery system in 1958, then known as Misamis Oriental Provincial Telephone System was changed to a cross-bar type in 1966 with 3,500 lines.
In 1987, a digital equipment (SL-IN PABX) replaced the cross-bar type and domestic direct distance dialing was introduced. Five years later, a fully digital equipment (Samsung TDX) with an initial capacity of 6,150 lines was installed.
The SL-IN equipment was then transferred to Gingoog City and the cross-bar system was totally discarded.
In 1998 Misortel availed of a P268-million loan with the Development Bank of the Philippines apart from its previous loan with Department of Finance amounting to P144 million in 1991.
Subsequently, the Misortel system was interconnected with five telecommunication companies even as it installed additional lines with a maximum capacity of over 16,000 connections for both international and domestic direct distance dialing service.
Due to an improved collection system and revenue generation program, Misortel has been remitting its loan repayment to the Development Bank of the Philippines.
As of this month, the province still has a balance of some P134 million payable with DBP while its balance with the Department of Finance had already been fully paid three years ago