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Dito Telecommunity
Dito Telecommunity Corporation (stylized as DITO), formerly known as Mindanao Islamic Telephone Company, Inc. or Mislatel, is a telecommunications company in the Philippines which is also engaged in the business of multimedia and information technology. It is a consortium of DITO CME Holdings Corporation, a subsidiary of the Udenna Corporation which is owned by Davao businessman Dennis Uy, and China Telecommunications Corporation, a state-owned enterprise of the government of mainland China and a parent company of China Telecom.
The consortium is known as the sole winner of the government-sanctioned bidding that would allow the consortium to become the third major telecommunications provider in the Philippines challenging the duopoly of PLDT and Globe Telecom.
DITO Telecommunity began its commercial operations on March 8, 2021. It offers commercial wireless services through its 4G LTE, and LTE-A networks, with 5G currently being deployed in key locations in the Philippines. As of August 2023, DITO's total mobile subscriber base stands at 7.74 million. DITO gave out a free data allocation of 1 gigabyte for each subscriber when it hit a million customers three months after its official rollout.
The DITO Telecommunity's history can be traced back to the establishment of Mindanao Islamic Telephone Company, Inc. (Mislatel), which is enacted by Congressional legislation on April 19, 1998, under Republic Act No. 8627, allowing the franchise to construct, install, establish, operate and maintain a telecommunication system throughout the Philippines.
In 2018, it was announced that Mislatel was one of the telecommunication firms to join the government-sanctioned bidding, allowing the winner to become the third major telco provider in the Philippines, challenging the duopoly of PLDT and Globe. Mislatel became a joint-consortium between Udenna Corporation, its subsidiary Chelsea Logistics, and the Chinese state-owned and parent company of China Telecom, China Telecommunications Corporation. The consortium was finally named as the "provisional third major player" by the NTC, beating out two other firms, Sear Telecom consortium and PT&T in the bidding.
The Senate and the House of Representatives approved the transfer of ownership of Mislatel to the latter's consortium. In June 2019, the consortium's stakeholders completed a share-purchase agreement with Mislatel, and were then awaiting their permit to operate, tentatively by July 2019.
The consortium paid a ₱25.7 billion performance bond to the government as it committed to provide internet service with a speed of 200 megabits per second to more than a third of the population on its first year of operation.
On July 8, 2019, Mislatel was renamed as DITO Telecommunity. DITO was derived from the Filipino word for "here", which is a response to the stakeholders' question on where they plan to set up a firm that would provide a "world class service" with "here" referring to the Philippines, the country where DITO Telecommunity is based in.
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Dito Telecommunity
Dito Telecommunity Corporation (stylized as DITO), formerly known as Mindanao Islamic Telephone Company, Inc. or Mislatel, is a telecommunications company in the Philippines which is also engaged in the business of multimedia and information technology. It is a consortium of DITO CME Holdings Corporation, a subsidiary of the Udenna Corporation which is owned by Davao businessman Dennis Uy, and China Telecommunications Corporation, a state-owned enterprise of the government of mainland China and a parent company of China Telecom.
The consortium is known as the sole winner of the government-sanctioned bidding that would allow the consortium to become the third major telecommunications provider in the Philippines challenging the duopoly of PLDT and Globe Telecom.
DITO Telecommunity began its commercial operations on March 8, 2021. It offers commercial wireless services through its 4G LTE, and LTE-A networks, with 5G currently being deployed in key locations in the Philippines. As of August 2023, DITO's total mobile subscriber base stands at 7.74 million. DITO gave out a free data allocation of 1 gigabyte for each subscriber when it hit a million customers three months after its official rollout.
The DITO Telecommunity's history can be traced back to the establishment of Mindanao Islamic Telephone Company, Inc. (Mislatel), which is enacted by Congressional legislation on April 19, 1998, under Republic Act No. 8627, allowing the franchise to construct, install, establish, operate and maintain a telecommunication system throughout the Philippines.
In 2018, it was announced that Mislatel was one of the telecommunication firms to join the government-sanctioned bidding, allowing the winner to become the third major telco provider in the Philippines, challenging the duopoly of PLDT and Globe. Mislatel became a joint-consortium between Udenna Corporation, its subsidiary Chelsea Logistics, and the Chinese state-owned and parent company of China Telecom, China Telecommunications Corporation. The consortium was finally named as the "provisional third major player" by the NTC, beating out two other firms, Sear Telecom consortium and PT&T in the bidding.
The Senate and the House of Representatives approved the transfer of ownership of Mislatel to the latter's consortium. In June 2019, the consortium's stakeholders completed a share-purchase agreement with Mislatel, and were then awaiting their permit to operate, tentatively by July 2019.
The consortium paid a ₱25.7 billion performance bond to the government as it committed to provide internet service with a speed of 200 megabits per second to more than a third of the population on its first year of operation.
On July 8, 2019, Mislatel was renamed as DITO Telecommunity. DITO was derived from the Filipino word for "here", which is a response to the stakeholders' question on where they plan to set up a firm that would provide a "world class service" with "here" referring to the Philippines, the country where DITO Telecommunity is based in.