The House of Representatives approved the 25-year franchise bid of DITO Telecommunity Corp., the third telco player in the country. | NAMercadoINQ
With 240 affirmative votes and only seven negative votes, the lawmakers approved House Bill No. 7332, which renews the Mindanao Islamic Telephone Company Inc.’s–presently known as DITO Telecommunity Corporation–franchise to “construct, establish, install, maintain, and operate wire and/or wireless telecommunications system in the Philippines.”“The franchise shall be extended and in effect for a period of 25 years from its expiration on April 24, 2023, unless sooner revoked or cancelled.
DITO was selected as the country’s third major telco player back in 2018 and is owned by Davao-based businessman Dennis A. Uy’s Udenna Corp. and state-run China Telecom.
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