DITO Telecommunity completed and passed its third mandatory performance review, which evaluated its population coverage and minimum average broadband speed.
The third telecommunications player said in a recent statement that it had received from the National Telecommunications Commission (NTC) the notice informing them that it passed the required technical audit for the third time.
The audit conducted by RG Manabat & Co. said that DITO had surpassed its commitment of 70.01 percent population coverage and minimum average speed of 55 Mbps (megabit per second) for its third year.
DITO registered 72.39-percent population coverage and delivered minimum average speeds of 71.77 Mbps for 4G and 801.19 Mbps for 5G.
“We continue to abide by —and even exceed—our commitments to government to improve speed and coverage in the telco sector and bring real competition for the benefit of Filipino consumers,” DITO said.
“Related to this, we are grateful for the warm support of our more than 12 million subscribers as we stand behind our own commitment to bring world class connectivity to the Philippines,” the company added.
The parent firm of DITO Telecommunity reported that its net losses attributable to parent company’s shareholders widened to P8.3 billion in the first half from P2.05 billion a year ago due to higher costs and expenses and foreign exchange losses.
Revenues, however, grew by over tenfold to P3.03 billion while earnings before interest, tax, depreciation and amortization were up 26 percent to P2.79 billion. The topline figures were supported by the 614-percent increase in DITO’s subscriber base to 9.64 million as of end-June.
Rodolfo Santiago, chief technology officer of DITO, earlier said they were already talking with potential satellite service providers to expand their service coverage.
Along with this, Rodolfo said they were looking at building 7,000 to 7,500 towers to achieve 80 percent population coverage by the middle of 2023.
DITO Telecommunity is set to spend P50 billion this year to make its services available in over 840 areas across the country.