NEW telecommunications company DITO Telecommunity Corp. is targeting to corner nearly a third of the market in two to three years, as its officials pointed to recent deals aimed at a speedy delivery of its commitment.
In a statement on Sunday, the China-backed firm said that it aims “to capture 30% of the market within the first few years of operations with its commitment to fully comply with its mandate of providing world-class telecommunications services that the Filipinos deserve.”
DITO Chief Technology Officer Rodolfo D. Santiago said the company targets to achieve the goal in “two to three years.”
The company, which aims to become a major industry player, recently signed agreements with its key contractor-partners and tower providers, China Energy Equipment Co. Ltd. and Filipino-Malaysian Consortium ZEAL Power Construction & Development Corp.
“The promising deals we have entered into are testament to DITO’s commitment to work with all like-minded parties who want nothing more than to deliver fast, affordable and safe internet connectivity that the Filipino people truly deserve,” Mr. Santiago said.
For his part, Adel A. Tamano, DITO chief administrative officer said: “A few weeks ago, we reported that DITO Telecommunity has signed initial memoranda of agreement with SkyCable and Chavit Singson’s LCS Holdings; and we have in fact rejoiced at the groundbreaking of the first-ever common tower in Ilocos Sur. This time we have again signed a number of agreements specifically with China Energy Equipment Co. Ltd. and ZEAL Power Construction and Development Corp., a Filipino-Malaysian Consortium, that will allow us to move faster on our commitment to the Filipino people.”
DITO — which is owned by Dennis A. Uy’s Udenna Corp. and Chelsea Logistics and Infrastructure Holdings Corp. and China’s China Telecommunications Corp. — has a tight timeline to roll out its services to 37.03% of the country’s national population by July 9, 2020.
Within the one-year period, the company must also be able to deliver a minimum broadband speed of 27 Megabits per second (Mbps). If it fails to meet these commitments, Dito’s certificate of public convenience and necessity and radio frequencies will be taken back by the government. — Arjay L. Balinbin