#DITO Telecommunity franchise

The House of Representatives has recently approved the operations of the third major telco in the country, DITO Telecommunity Corp, under a 25-year legislative franchise renewal. DITO has garnered 240 affirmative votes against seven negative votes on the third and final reading of House Bill 7332 which grants the company's application to a 25-year legislative franchise "to construct, install, establish, operate, and maintain wired and/or wireless telecommunications systems". Wesley Gatchalian, the House Bill 7332 is a renewal of the legislative franchise of Mindanao Islamic Telephone Company (MISLATEL), the previous name of DITO. Under the bill, DITO is prohibited to lease, transfer, sell or assign the franchise, rights, or privileges or its controlling interest without the approval of Congress. DITO Telecommunity Corp is a telecom consortium of Udenna Corp owned by Davao City businessman Dennis Uy. DITO Telecommunity is expanding its services to home broadband with the launch of the DITO Home Prepaid Starter Kit.  DITO home starter kit In a statement released, DITO revealed its entry into the home internet space through an affordable plug-and-play solution. 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. Read more in our articles including "House approves DITO's 25-year franchise" and "DITO Telecommunity is once again the Rated #1 Mobile Network in the Philippines".