DITO already hits 500,000 subscribers in just two months

According to telco officials, DITO Telecommunity is now present in 100 cities and municipalities throughout the Philippines and has approximately 500,000 subscribers during the launch of its services in the National Capital Region on Monday.

The Dennis Uy-led telco stated that, while the current number of subscribers is still small compared to their target of capturing 30% of the market, the new telco hopes to reach 1.75 million subscribers by the end of the year.

“Remember, half a million subscribers only covers 54 cities and municipalities. We expect, with the addition of the 46 to more than 100 cities and municipalities, we expect this will drastically increase,” said DITO chief technology officer Rodolfo Santiago.

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DITO chief administrative officer Adel Tamano also said that they intend to keep up their first two months of implementation. In March, the company started commercially selling services.

“Sustainable yan, and of course you have to look into the fact that the market we opened in, aminado naman tayo na NCR, is the bigger market,” Tamano said. 

Meanwhile, Santiago stated that the company is on track to meet its population coverage and minimum service speed targets. DITO currently has over 3,000 cell towers and is constructing another 1,500 to fulfill its commitments for 2022. In July of this year, DITO expects to fulfill its second-year target of 51 percent population coverage.

DITO officials have refuted claims that the company could not reach promised download speeds in the areas where it operates.

“That’s not true,” Tamano said. 

Meanwhile, Santiago said that those who record DITO download speeds falling below the HCLOS, or highest committed level of service, were most likely in areas that DITO no longer serviced.

“Outside of this area, the HCLOS says that it’s no longer covered even though there’s still a signal,” Santiago said. 

“Pag nakita mo kasi na 1 bar most of the time that is already lower than the minimum signal strength and should be outside our network coverage,” he added. 

Santiago, however, also said that there were areas in Metro Manila that were still undergoing “optimization.”

Tamano stated that DITO has invested P150 billion in capital expenditures to date to develop its network and has pledged up to P270 billion in capital expenditures over the next five years to carry out services.

DITO CME Holdings Corp, the telco’s holding company, closed Monday at P8.10 per share, down 9.9 percent.

Source: ABS CBN News

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