#Dito Telcom

The telecom DITO Telecommunity has secured a USD 3.9-billion or PHP 2.21-billion loan and 15-year finance facility with a group of international banks. According to DITO CME, they have stated that this agreement may be "one of the largest long-term debt arranged and syndicated by a group of multinational banks for a Philippine corporation." Portions of the fund would go to repaying another loan and support to DITO's network expansion to improve the telecom's speed in postpaid and 5G. DITO's average broadband speeds reaches 74.97 Mbps for $G while 5G receives 639.32 Mbps. Department of Information and Communications Technology (DICT) Secretary Gregorio Honasan II inspected the Dito Telecommunity's new cell tower in San Francisco Del Monte QC yesterday, February 26. [caption id="attachment_228969" align="alignnone" width="720"] Photo from DICT[/caption] According to the contract signed by Dito Telecom and the National Telecommunications Commission (NTC), Dito should be able to provide a speed of 20 Mbps to at least 37,390,372 users in 7,425 barangays in the first year of its 5-year roll-out. To accomplish this, Dito is targeting to build 1,600 towers, 600 of which are already in construction. “Sa ngayon, prinisinta ng Dito iyong timetable nila at sinabi sa DICT na on-track sila. I-checheck natin na iyong network ng Dito ay in place na,” Honasan said. Read more in our articles including "DITO Telecommunity signs PHP 221-billion long-term loan" and "DICT inspects Dito's new cell tower in QC".