MANILA, Philippines – Third telco player Dito Telecommunity said on Monday, December 20, that it now has 5 million users since launching commercially in March.
“As of December 18, Dito has hit 5 million subscribers just nine months after our commercial launch and have earned more than P2 billion in revenues from our prepaid services,” said Dito chief administrative officer Adel Tamano in a statement.
Dito has already rolled out its services in over 500 areas nationwide. It said on Monday that it has laid out more than 22,000 kilometers of fiber cable and constructed over 4,100 towers.
Dito is targeting to build 4,500 cell sites by the end of 2021 to cover 50% of the Philippine population as part of its third-year commitment to the national government.
The third telco also said it has restored its services in areas affected by Typhoon Odette (Rai). Dito chief technology officer Rodolfo Santiago said the company will be providing 1,000 preloaded SIM cards to first responders to help coordinate relief and recovery missions by the government.
On Friday, December 17, listed parent Dito CME Holdings set the price for its stock rights offer at P4.88 apiece. Some 1.64 billion rights shares will be offered, amounting to a total of P8 billion to be spent for the telco’s rollout and other corporate matters. – Rappler.com