DITO Telecommunity Targets Fixed Broadband In Next 2 Years, Profitability In 5 Years

DITO Telecommunity was targeting to introduce fixed broadband in the next two years and profitability in five years.

DITO Telecommunity was targeting to introduce its fixed broadband services in the next two years and being profitable in five years.

DITO Fixed Broadband

Philstar reported that DITO Telecommunity Chief Administrative Officer Adel Tamano mentioned in a senate committee on public services hearing that the company had targeted positive EBITDA in three years and achieve “true profitability” in five years.

DITO Telecommunity also confirmed that the company was targeting to introduce fixed broadband services to home users in the next 2 years.

Aside from this, Tamano mentioned that 22,748 DITO users signed up online for DITO’s services during its commercial launch in selected areas in Mindanao and the Visayas last March 8, 2021. Of these, only 6,597 of them were qualified with compatible devices.

READ ALSO: NTC Should Answer Allegations of IT Group on the Technical Audit of DITO Telecommunity

DITO CME Holdings Corp., according to a report on Yugatech, revealed that the Philippine Competition Commission (PCC) had given its clearance concerning its “share-swap transaction”.

The PCC noted that the share-swap transaction does not breach the thresholds prescribed by the Philippine Competition Act and its implementing rules and regulations, and qualifies as consolidation of ownership in the same natural persons,” DITO CME Holdings Corp. said in a stock exchange filing.

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