Push Admin

Third telco DITO says investments to exceed $6-B plan

Article (news)

ABS-CBN News

MANILA – DITO Telecommunity on Monday said it would invest more than initially planned to capture at least 30 percent of the market share in its first 3 years of operations as the country’s third telecommunications player.DITO, a consortium composed China Telecom and Dennis Uy’s Chelsea Logistics and Udenna Corp, will invest more than the initial $6 billion (P302 billion), DITO chief technology officer Boy Santiago said.&quot;The DITO Telecommunity resolve has been bolstered by the encouragement they have received especially from the Filipino public that resulted in their commitment to invest more than the initial $6 billion they have earmarked for the project,&quot; DITO said in a statement.The telco recently signed agreements with its contractor-partners and tower providers China Energy Equipment Co. Ltd and the Filipino-Malaysian ZEAL Power Construction and Development Corp, DITO said in a statement.DITO earlier signed deals with key partners including Luis Chavit Singson&#x27;s LCS Group for common tower lease and Sky Cable Corp for the utilization of unused fiber-optic cables in Metro Manila.“We want the Filipino public to know that we are full steam ahead on our roll-out as the critical pieces are already in place, with the help of our partners,” Santiago said.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/03/19/3rd-telco-dito-inks-deal-with-2-key-partners-to-support-rollout">3rd telco DITO inks deal with 2 key partners to support rollout</a></li></ul>DITO pledged a minimum speed of <a href="https://news.abs-cbn.com/business/11/08/18/third-telco-mislatel-pledged-near-singapore-internet-speeds-dict">27 mbps</a> in its first year, or an internet connection speeds nearly as fast as Singapore.<div>Sky Cable Corp is the pay television and broadband arm of ABS-CBN Corp. News.abs-cbn.com is the official news website of ABS-CBN Corp.</div>

DITO, a consortium composed China Telecom and Dennis Uy’s Chelsea Logistics and Udenna Corp, will invest more than the initial $6 billion (P302 billion), DITO chief technology officer Boy Santiago said.

DITO, a consortium composed China Telecom and Dennis Uy’s Chelsea Logistics and Udenna Corp, will invest more than the initial $6 billion (P302 billion), DITO chief technology officer Boy Santiago said.