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.