At a media briefing, DITO has announced that they will be launching postpaid and enterprise product offerings this coming June 2023. This will allow them to tap more of the market and expand their reach in the Philippines.
The telco was able to solely earn PhP 7.2 billion last year just from their prepaid plans. DITO Chief Administrative Officer Adel A. Tamano said that their earnings are nothing compared to what is coming.
“In June, we are launching our postpaid plans. That’s going to affect this significantly. In June, we are going to enter the enterprise business. We will be offering things to companies, small enterprises — so this P7.2 billion that’s nothing to what’s coming,” DITO Chief Administrative Officer Adel A. Tamano said.
To increase their coverage in the Philippines, the company committed PhP 27 billion for capital expenditure but may increase or decrease based on the need of the network. Their capital expenditure will total PhP 230 billion by the end of the year.
According to DITO Chief Technology Officer Rodolfo D. Santiago, the telco is approaching 77% to 78% coverage, which is close to their 80% target coverage for their audit on July 8, 2023. He also added that their postpaid and enterprise products will have an “edge” on affordability.
DITO CME Holdings Corp., the parent company of the telco, increased their revenues by threefold in 2022 from 2.19 billion to 7.28 billion in 2022. Their net loss, however, widened to 11.24 billion in 2021.
