DITO Telecom reaches 3 million subscribers

The country’s third-largest telecommunications company, DITO Telecommunity Corp., said it exceeded 3 million subscribers on Wednesday morning, as the company rolled out its services to more parts of the country.

DITO announced earlier that it will expand its network service to 53 additional areas this month, bringing its coverage to 286 cities and municipalities.

It added 17 zones in Luzon to its coverage last week, and five more will be added by Friday, September 24 – Balagtas, Bulacan; Bacolor, Pampanga; Santa Barbara, Pangasinan; Malasiqui, Pangasinan; and Sibulan, Negros Oriental.

Chief Executive Officer Adel Tamano said earlier that the company is seeing around 20,000 new subscribers per day and expressed hope that it will reach the 3 million mark before the end of September.

“We find this very positive. It shows you the market’s appetite for a new player. We’re on track to reach around five to six million subscribers by the end of the year, ”he said in a virtual briefing earlier this month.

The company said it reached 2 million subscribers on August 1, five months since its commercial launch in March. It plans to reach 6 million subscribers by the end of the year.

The DITO consortium is made up of Udenna Corporation, Davao businessman Dennis Uy, Udenna subsidiary Chelsea Logistics Holdings Inc., and Chinese state-owned China Telecommunications Corporation.

Shares of DITO CME Holdings Corp., the holding company for Uy’s communications and entertainment companies, are trading down 11 centavos or 1.41% at 7.70 P each at 10:21 a.m. on Tuesday. – RSJ, GMA News

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