DITO Telecommunity projects P20-B revenues in 2025
DITO Telecommunity expects to book at least P20 billion in revenues this year as it seeks a stronger presence in the mobile and broadband sectors.
Its president and chief executive officer Eric Alberto said that while the telco firm was not “as big yet” as the other two dominant players, DITO Telecommunity is seen to post top line growth.
“We put it higher, but we’ll try to exceed it,” he told reporters in a briefing in Taguig City last week.
“And our cost, we’ve managed to keep our cost down,” the official added.
DITO CME Holdings Corp., parent of the third telco player, saw its revenues climb by 45 percent to P16.35 billion in 2024 from P11.2 billion amid continued robust demand for data.
The group said its mobile segment remained the growth driver, accounting for 95 percent of the total revenues.
It ended 2024 with 13.67 million subscribers, an improvement from 9.64 million in 2023.
Alberto reiterated DITO Telecommunity’s goal of grabbing 30 percent market share “to be even and competitive … in a three-horse race.”
Despite intensified competition in the market posed by Globe Telecom and PLDT, the executive remained optimistic about snatching a larger slice of the pie.
“There is room for everybody because the consumers are also using more data. And you continue to use more data as there are more digital tools that enable your lifestyles, whether through your work or through your commerce, your lifestyle, your habits. Even now, your health, right?” he said.
“I think the name of the game is how to be competitive in as far of satisfying customer needs, as far as their digital requirements are. And also providing the most seamless digital experience,” Alberto added.
The broadband market is also a sweet spot for growth for DITO Telecommunity, Alberto said.
By 2026, he hopes that its fixed wireless broadband access (FWA) service will have 1.5 million to two million subscribers.
Alberto said DITO Telecommunity would reinvest any revenue it gets from FWA to boost its 5G network.
Meanwhile, the group is slashing its capital expenditures, ranging from P10 billion to P15 billion,n as it will refocus on beefing up its existing infrastructure.
