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Senate approves DITO franchise

ABS-CBN News
Posted at Mar 24 06:16 PM

Seventeen senators approved the franchise of DITO, with Senators Risa Hontiveros and Francis Pangilinan voting against it and Sen. Panfilo Lacson abstaining. Read more »

Dennis Uy's Phoenix selling assets to pay debts

ABS-CBN News
Updated as of Mar 25 03:37 PM

Davao-based businessman Dennis Uy’s Phoenix Petroleum is selling some of its assets so that it can pay its debts, the company disclosed to the stock market on Tuesday.  Read more »

DITO CME shares plunge days after DITO telco’s commercial roll out

ABS-CBN News
Updated as of Mar 10 08:16 PM

Shares of DITO CME Holdings plunged 25 percent on Wednesday ending at P9 per share from a previous close of P12, two days after DITO Telecommunity finally rolled out commercial services.  Read more »

Senate panel approves DITO franchise

Sherrie Ann Torres, ABS-CBN News
Posted at Mar 10 05:42 PM

The Senate Committee on Public Services has approved the franchise of DITO Telecommunity, which is operated by Davao-based businessman Dennis Uy and China Telecoms.   Read more »

DITO Telecommunity launches in 15 cities in Visayas, Mindanao

ABS-CBN News
Posted at Mar 09 12:05 AM

The Philippines' third telco player begins its regional commercial rollout. Read more »

DITO now available in Visayas, Mindanao; will be in NCR 'in a few weeks'

Jessica Fenol, ABS-CBN News
Updated as of Mar 08 11:42 AM

DITO Telecommunity on Monday launched its commercial service in key areas in the Visayas and Mindanao before its launch in Metro Manila "in a few weeks," officials said. Read more »

LIST: DITO will be available in these areas on March 8

ABS-CBN News
Updated as of Mar 02 06:19 PM

DITO Telecommunity on Tuesday released the list of cities and nearby municipalities where its services will launch on its debut on March 8.  Read more »

Third telco DITO to 'spend on towers rather than K-Pop stars': official

Jessica Fenol and Warren De Guzman, ABS-CBN News
Posted at Feb 23 02:55 PM

Popular Korean actors and K-pop stars are unlikely to endorse third telco DITO Telecommunity as the company would rather spend on towers and network expansion, its chief administrative officer Adel Tamano said Tuesday. Read more »

DITO logs speeds of 507 Mbps for 5G, 85 Mbps for 4G; passes audit: NTC

ABS-CBN News
Updated as of Feb 22 05:36 PM

DITO Telecommunity passed its first-year technical audit after registering a minimum broadband speed of 507.5 Mbps for its 5G service and 85.9 Mbps minimum speed for its 4G service, the National Telecommunications Commission said Monday.  Read more »

DITO says ready for technical audit, to roll out services in March

ABS-CBN News
Posted at Jan 07 04:59 PM

DITO Telecommunity, which won the bid to be the country's third major telco, on Thursday said it is ready for its technical audit, and can roll out services in March this year.  Read more »

Launching in 160 days? DITO readies stores, SIM cards for March 2021 debut

Jessica Fenol, ABS-CBN News
Updated as of Oct 29 02:38 PM

Third telecommunications player DITO Telecommunity said Thursday it would start building physical stores in "major malls" nationwide as it gears up for its March 2021 commercial launch. Read more »

Converge ICT VisMin backbone done in 2021, eyes fiber service for 18M households by 2025

ABS-CBN News
Posted at Oct 26 12:21 PM

Philippine fiber broadband provider Converge ICT Solutions on Monday said it will complete its Visayas-Mindanao backbone next year and will be able to penetrate half of the population by 2025.  Read more »

Dennis Uy's PH Resorts Group sets final price for follow-on offer at P1.68

ABS-CBN News
Posted at Oct 19 09:03 AM

Dennis Uy's PH Resorts Group on Monday said it has priced its follow-on offering at P1.68 per share, nearly at the midrange of its indicative offer price of P1 to P2.50. Read more »

Chelsea Logistics defers 'most' capex, sees signs of recovery in 2021

ABS-CBN News
Posted at Oct 07 09:31 AM

Chelsea Logistics and Infrastructure Holdings Corp said Wednesday it deferred "most" of its capital expenditures this year to mitigate the impact of the coronavirus pandemic as it expects signs of recovery in 2021 Read more »

Dennis Uy's PH Resorts Group follow-on offering gets PSE approval

ABS-CBN News
Posted at Oct 02 10:25 AM

PH Resorts Group Holdings, Inc. (PHR) on Friday said the Philippine Stock Exchange has given its approval on the firm's follow-on offering aimed to fund the construction of its Mactan Cebu casino resort. Read more »

DITO picks US firm as cybersecurity solutions provider, says 'fortunate' with China Telecom on board

Jessica Fenol, ABS-CBN News
Posted at Sep 17 03:34 PM

DITO Telecommunity said Thursday it was "fortunate" to have China Telecom as partner for its third telco rollout calling espionage concerns "misplaced" and bringing in a US firm as cybersecurity provider. Read more »

Third telco DITO says first year target on towers completion on track, seeks 'trust' on AFP deal

Jessica Fenol, ABS-CBN News
Updated as of Sep 17 04:38 PM

DITO Telecommunity on Thursday said it was on track to complete its initial first year commitment of 1,300 towers by October, as the third telco player appealed to "put some trust" on its existing agreement with the Armed Forces of the Philippines. Read more »

Palace allays security concerns on allowing China-backed telco cell towers in military camps

Arianne Merez, ABS-CBN News
Posted at Sep 14 06:04 PM

Malacañang allayed security concerns related to a China-backed telco firm's plan to construct cell towers in military camps, saying the Philippine defense department will guard against espionage. Read more »

Phoenix Petroleum eyes Southeast Asia expansion with Indonesian firm partnership

ABS-CBN News
Posted at Sep 10 01:19 PM

Phoenix Petroleum Philippines Inc said Thursday its board approved a plan to partner with the Singaporean unit of state owned PT Pertamina Indonesia for fuel product supply and other trading activities in Indonesia and the Philippines.  Read more »

Third telco DITO assures facilities won't be used to obtain 'classified' information

ABS-CBN News
Posted at Sep 09 01:00 PM

Third telco player DITO Telecommunity said Wednesday its equipment, devices and structures to be constructed within military camps would not be sued to obtain classified information from the armed forces. Read more »