MANILA, Philippines — The House of Representatives approved on Monday the 25-year franchise bid of DITO Telecommunity Corp., the third telco player in the country. With 240 affirmative votes and only seven negative votes, the lawmakers approved House Bill No. This franchise shall be deemed ipso facto revoked in the event the grantees fail to operate continuously for two years,” the bill reads. 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. Under its franchise, DITO is obliged to cover at least 37 percent of the population, with an average minimum internet speed of 27 megabits per second (Mbps).

Source: Philippine Daily Inquirer August 24, 2020 10:41 UTC