Singaporean telco eyes majority stake in DITO CME with P17.1-B share acquisition

Tyrone Jasper C. Piad - @inquirerdotnet 11/05/2024

Singaporean firm Summit Telco Corporation Pte. Ltd. has struck a deal to acquire an additional 9 billion shares—currently valued at P17.1 billion—in DITO CME Holdings Corp., the operator of DITO Telecommunity (DITO Tel). Once finalized, Summit will…

Entry of new telco players ‘best whip’ against giant firms — NTC

Maila Ager 12/07/2020

MANILA, Philippines — The entry of new telecommunication players is the “best whip” for industry giants Globe Telecom and PLDT Smart to improve their services, the National Telecommunications Commission (NTC) told the Senate on Monday. NTC Commissioner…

Telcos trumpet wins ahead of critical Malacañang finish line

Miguel Camus 12/07/2020

Industry giants PLDT Inc. and Globe Telecom announced details on their aggressive network upgrades for this year until 2021, while telco startup Dito Telecommunity began “friendly user tests” of its services. The flurry of updates came ahead…

Dito CME to gain control of telco biz in P68.4-B backdoor deal

Miguel R. Camus - Reporter / @miguelrcamusINQ 11/14/2020

Davao-based businessman Dennis A. Uy’s Dito CME Holdings Corp. is poised to take a controlling stake in Dito Telecommunity through layers of companies as the group reshuffles its shares in the telco startup backed by China Telecom.…

China’s backdoors in PH military camps

Antonio T. Carpio - @inquirerdotnet 09/17/2020

Defense Secretary Delfin Lorenzana announced last Sept. 8 that he had finally approved the memorandum of agreement (MOA) between the Armed Forces of the Philippines (AFP) and Dito Telecommunity Corp. (Dito), allowing Dito to “co-locate” its communications…

The ‘budol-budol’ nation

Segundo Eclar Romero - @inquirerdotnet 09/11/2020

Defense Secretary Delfin Lorenzana announced this week that he has allowed Dito Telecommunity to establish cell towers inside Philippine military bases. Dito Communications is 40-percent owned by China Telecom, a state-run company of China. Lorenzana says Dito…

Third telco Dito begins talks with Cebu LGUs

Rosalie O. Abatayo 02/09/2020

CEBU CITY, Philippines — As Dito Telecommunity nears its target rollout this July 2020, executives of the country’s third telecommunication company, has started talks with local government units in Cebu. Executives from Dito Telecom met with Mandaue…

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