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 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 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...
DITO CME Holdings Corporation, the communications, media and entertainment unit of Davao businessman Dennis A. Uy, has teamed up with CloudSwyft to put up an online education platform. In a statement, DITO CME said it has signed a joint venture agreement with...
