DITO Telecommunity is accelerating its on-the-ground retail presence by opening two new authorized dealer stores in Biñan, Laguna and Muntinlupa City, tapping local entrepreneurs to anchor its expansion strategy.
Singapore’s Summit Group will soon become the single-largest shareholder of listed DITO CME Holdings, owner of DITO Telecommunity, after the government’s antitrust body approved a key share sale that will further cut Davao tycoon Dennis Uy’s stake in the telco he helped launch in 2020.
Among the three biggest providers—PLDT, Globe, and Converge—the competition now centers on who can provide the most reliable, fastest, and quickest service, and, more importantly, the most affordable broadband for homes.
Globe Telecom and industry players are pushing to build new cell towers in remote areas through a PPP proposal, gaining the Marcos administration’s attention.
Industry challenger DITO Telecommunity exceeded its network goals for its fifth and final technical audit, concluding a five-year commitment period to establish the country’s third major telco player.
Davao-based tycoon Dennis A. Uy’s DITO CME Holdings Corp. secured the approval of the Securities and Exchange Commission to raise funds through a follow-on share sale.
Davao tycoon Dennis A. Uy’s DITO CME Holdings is aiming to raise over P60 billion in a series of equity deals over the next five years, hope erase its huge deficit.