Publicly listed telecommunications firms, particularly market leaders PLDT and Globe Telecom, are taking a beating on the local stock market as investors shy away due to the potential impact of the Konektadong Pinoy Act and new online gambling restrictions on e-wallets. “The sector has been on...
It’s been a while, but Malacañang remains tight-lipped on the “Konektadong Pinoy” bill that aims to provide free Wi-Fi access, especially in Geographically Isolated and Disadvantaged Areas (GIDA), by liberalizing the telecommunications sector and expanding data connectivity. Yes, Virginia,...
The parent company of telco firm DITO Telecommunity (Tel), headed by Davao-based tycoon Dennis Uy, saw its net losses more than halved in the first quarter of the year as revenues continued to soar, driven by strong demand for mobile services. In a disclosure to the Philippine Stock Exchange (PSE),...
DITO CME Director Cherylyn C. Uy DITO CME Holdings Corp. announced the replacement of a board director and its treasurer, Cherylyn C. Uy, the spouse of founder and Davao tycoon Dennis A. Uy, to make room for representatives of its new controlling shareholder, Singaporean Summit Telco Corp. Pte....
Davao tycoon Dennis A. Uy’s DITO CME Holdings Corporation has decided to postpone indefinitely its planned P4.2 billion follow-on-offering (FOO) originally scheduled from September 26 to October 2, 2024. In a letter to the Philippine Stock Exchange, the firm said that, “upon careful...
The Securities and Exchange Commission (SEC) has approved the planned follow-on offering of Davao tycoon Dennis A. Uy’s DITO CME Holdings Corporation of shares worth up to P4.2 billion. In its meeting on August 15, the Commission En Banc resolved to render effective DITO’s registration...
DITO CME Holdings Corporation, the information and communications technology (ICT) sector holding firm of Davao tycoon Dennis A. Uy, reported that its subsidiary DITO Telecommunity Corporation has secured a $3.9-billion 15-year long-term project finance facility after raising P4.44 billion from...
Davao tycoon Dennis A. Uy’s DITO CME Holdings Corporation has raised P2.24 billion through the issuance of shares of a subsidiary to a firm established in the Cayman Islands. In a disclosure to the Philippine Stock Exchange (PSE), DITO CME said its subsidiary DITO Holdings Corporation has issued...
Davao tycoon Dennis A. Uy’s telecommunications unit Dito CME Holdings Corporation has revealed that the identities of the two buyers of its P2.2 billion shares are two firms that have been recently registered in Singapore. In a disclosure to the Philippine Stock Exchange, the buyer of P610...
Davao tycoon Dennis A. Uy’s telecommunications unit Dito CME Holdings Corporation has sold P2.2 billion worth of its new unlisted shares equivalent to 13.55 percent of its expanded capital, but did not reveal the identity of the buyers. In two disclosures to the Philippine Stock Exchange, Dito...
While DITO CME Holdings Corp posted a 10.6 times increase in revenues to P3.03 billion for the first half of 2022, with EBITDA growing 26 percent to P2.79 billion, the company bled P15.43 billion due to P7.26 billion in unrealized foreign exchange losses, as well as 135 percent and 423 percent...
The Philippine Stock Exchange has lifted the trading halt imposed on the shares of DITO CME Holdings Corporation after the firm provided additional information in relation to the deferment of its P8-billion stock rights offering. “In view of the foregoing, trading of DITO shares will resume on...
