New major telecommunications player DITO Telecommunity Corp. is expanding its service offerings further as it plans to launch postpaid and enterprise business plans in the middle of 2023.
At a press briefing on Thursday, DITO chief administrative officer Adel Tamano said the telco booked P7.2 billion in gross revenues last year, over 300% higher since it posted P2.2 billion in 2021 —the year it commercially launched.
“You haven’t seen anything yet… That’s just our prepaid. We haven’t offered anything else,” Tamano said.
To hit its goal of profitability by 2025, the DITO official said the telco is launching postpaid plans and enterprise business service offerings.
“In June, we are launching our postpaid plans… In June, we are going to enter the Enterprise Business. We are going to offer it to companies, small enterprises,” he said.
Tamano said entering the postpaid and enterprise segments will have a significant effect on its revenues.
“I am very, very optimistic about this,” he said.
“We’ll leverage our partnership with China Tel as some best phones are being manufactured in China. We will leverage our relationship and hopefully we can offer cheap phones for our postpaid push,” he said.
For 2023, DITO is setting aside P27 billion in capital expenditures to bankroll its network expansion initiatives. —VAL, GMA Integrated News