DITO Telecommunity Corp. said it is on track to expand its coverage to 70 percent this year as part of the its third year commitment.
DITO which is 54 percent owned by Dennis Uy’s DITO Communications Media and Entertainment (DCME) refused to comment on the deferment of the P8-billion stock rights offering (SRO).
“It will be inappropriate for DITO Telecommunity to comment directly on the deferment of the SRO simply because DITO Telecommunity is a separate and unique company from DITO CME,” said Adel Tamano, DITO chief administrative officer.
To date, DITO has hit 50 percent of its 2022 goal of 12 millionsubscribers.
On the upcoming third independent audit on DITO’s government commitments in terms of speed and population coverage, Tamano said: “Our network rollout remains on track to reach the 70 percent coverage and 55 megabits per second (Mbps) average download speed.” Tamano said.
“Our assessment is that given these indicators, DITO Telecommunity remains a viable and sustainable business as we remain steadfast in our commitment to partner with the Philippine government and our private sector partners to provide world class, affordable, connectivity to Filipinos wherever they may be.” DITO added.
