Dito Telecommunity Corporation, a telecommunications company in the Philippines, said that it hit its target of five million subscriptions before the end of 2021, and reported revenues of PHP2 billion (USD40.1 million) in the nine months since its commercial launch back in March.
According to a report in PhilStar, Dito will finish this year with revenues of PHP 2.2 billion to PHP 2.3 billion, as the company's subscriber base continues to grow. This, as the group further expands its network to cover over 500 areas across the country. Philippines’ new third telco also built more than 4,100 towers and laid out 22,000 kilometers of fiber cable.
Dito chief administrative officer Adel Tamano said that "our ambitions are much bigger". He said: “It bears repeating that a few have said that rolling out Dito within the time given turned into not possible.” In the meantime, the country’s newest telco revealed that the maximum of its network remained operational or had been restored after the onslaught of typhoon Odette.
By the end of next year, more Filipinos will experience its mobile services as the group hopes to add about 300 more areas, he said.
The company reached 52.75% of the national population in the second technical audit results released by the National Telecommunications Commission (NTC) recently. In September it had a national population coverage of 52.75%, along with minimum average speeds of 89.13 megabits per second (Mbps) for 4G and 853.96 Mbps for 5G.
DITO Telecommunity has committed to cover 51.01% of the national population and render a minimum average broadband speed of 55 Mbps in its second year of operations. If it fails, the government must recall the Certificate of Public Convenience and Necessity and frequencies awarded to it and keep its performance bond of P25 billion.