DITO CME secures $3.9-B loan | Inquirer Business
FOR TELCO UNIT EXPANSION

DITO CME secures $3.9-B loan

MANILA  -DITO CME Holdings Corp. secured a $3.9-billion project finance facility to fund the expansion of its telecommunication business.

The 15-year loan agreement, which it said was one of the “largest long-term debt arranged and syndicated by a group of multinational banks” for a local company, will finance initiatives including 5G and mobile postpaid product offerings.

The company is also eyeing to release a product offering catering to enterprise clients this year

“The project finance facility represents strategic trust and confidence in the vision of the company to be a major enabler of digital services in the Philippines,” DITO CME president Ernesto Alberto said.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Dito CME, expansion, loan facility, telco

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.