DITO Telecommunity plans to launch postpaid and enterprise product offerings by June of this year, as company officials confirmed.
At a media briefing, DITO‘s Chief Administrative Officer Adel Tamano stated that the company will offer services to small enterprises and companies, and that they solely earned the P7.2 billion last year from their prepaid plans.
DITO’s Chief Technology Officer Rodolfo Santiago cited the company’s affordability and use of cloud software as their advantages on entering the postpaid and enterprise market.
“We are expecting that potential clients see us as much more reliable and cheaper,” said Santiago.
To increase their coverage, DITO committed Php 27USD 0.46INR 39EUR 0.44CNY 3 billion for capital expenditure (capex) this year, bringing the company’s cumulative capex under the government’s commitment to Php 230USD 4INR 332EUR 4CNY 29 billion by the end of the year.
Santiago stated that the company is approaching its target for its technical audit scheduled on July 8, with current coverage at around 77-78%.
He added that the company aims to reach 80% coverage and only needs to achieve an additional 2%.
DITO CME Holdings Corp., the telco’s parent company, saw a threefold increase in contract revenue from P2.19 billion in the previous year to P7.28 billion in 2022.
However, the company’s net loss increased from P9.67 billion in 2021 to P11.24 billion in the same year.
Source (1)
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