Investors are optimistic to third telco DITO Telecom for the friendly user test that will happen in the 4th quarter of the year 2020 and efforts of the company for the official launch in March of 2021.
DITO CME shares up by 8.16 percent to close at P5.30 apiece, one of the most active stocks today in the stock market, October 1. Net foreign buying is 3.91 million shares.
Atty. Adel Tamano was quoted as saying "As we have mentioned in the past, we are doing all we can despite the challenges to ensure that DITO delivers its promise of providing Filipinos with world-class connectivity we truly deserve, and it is just a matter of months now," ended Atty. Tamano.
In the latest progress report of Dito Telecommunity through the official website of Udenna Group, DITO Chief Technology officer Retired Major Gen. Rodolfo Santiago said that the telco is indeed ready and fully adjusted to the challenges of COVID-19 and has ramped up construction and infrastructure activities in the past two and a half months.
According to DITO, when they lasted reported to the public and to the Senate, they have constructed 500 functioning towers. In the past few months the construction continues and as of September 14, DITO has a total of 859 towers out of the 1,200 estimated number of towers needed to achieve mandated targets of 37% population coverage and speed of 27 mbps by January 2021.
Meanwhile, Whale Cloud announced yesterday that DITO Telecom, the new major telecommunications player in the Philippines, has selected Whale Cloud to develop next-generation IT system.
DITO devotes to delivering fixed and mobile services with unparalleled network speed, coverage, and superior customer experience. Besides, DITO plans to fast track the rollout of 5G services in the coming years, with the speed offerings that are 10 times faster than what is being offered at present.
Source: Peso Economics
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