Dito Telecommunity has been rated the no. 1 mobile network in the Philippines for the third straight time by global analytics firm Ookla, which ranks providers based on real user feedback after speed tests, underscoring its steady climb as a challenger to incumbents Smart and Globe.
Cherylyn C. Uy, wife of DITO CME chair Dennis Uy, has stepped down as treasurer of the company, while board director Raouf A. Kizilbash has also resigned, both effective April 3, 2025. Ms. Uy, however, will remain a director of the company.
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.
Holding firm DITO CME Holdings has raised over P2 billion through a fully subscribed follow-on offer, boosting finances as DITO Telecommunity nears 14 million subscribers.
Davao-based tycoon Dennis A. Uy's DITO CME Holdings, the holding company of telco industry challenger DITO Telecommunity, doubled its losses to P25.8 billion during the first nine months of the year amid higher costs.
Davao-based tycoon Dennis A. Uy’s DITO CME Holdings is aiming to finish its follow-on share sale by the first week of December, company president Donald Lim said.