DITO to Launch Affordable Postpaid and Enterprise Products in June

DITO Telecommunity Corp. is set to expand its product offerings by launching affordable postpaid and enterprise plans in June. The move is expected to significantly affect the company's revenue, which last year amounted to P7.2 billion from its prepaid offerings alone.

DITO's Chief Administrative Officer, Adel A. Tamano, announced that the telco will be offering enterprise solutions to small companies in addition to postpaid plans. One of DITO's advantages in entering the postpaid and enterprise market is its affordability. DITO's Chief Technology Officer, Rodolfo D. Santiago, emphasized the company's use of advanced technology, such as cloud software, to provide customers with more value for their money.

DITO has committed to spending P27 billion for capital expenditure (capex) this year to improve its coverage, bringing its total capex under its commitment to the government to P230 billion by the end of the year. The company's cumulative capex is expected to increase with its expansion into the postpaid and enterprise markets.

DITO has achieved a coverage of 77%-78%, which is close to its target of 80% for its fourth technical audit on July 8. The company is using its advanced technology and capital expenditure to improve its network coverage.

The launch of DITO's postpaid and enterprise products is expected to boost the company's revenue and increase its market share. DITO's parent company, DITO CME Holdings Corp., recorded a threefold increase in revenues from contracts with customers in 2022, amounting to P7.28 billion from P2.19 billion in the previous year. Although DITO CME's net loss increased to P11.24 billion from P9.67 billion in 2021, DITO's expansion into the postpaid and enterprise markets is expected to contribute to the company's profitability in the future.

(via: BusinessWorld)