13 July 2023
DITO Telecommunity has announced ambitions to turn a profit in 2028, as it continues to invest in coverage expansion to fulfil regulatory coverage targets.
According to local media, parent company DITO CME Holdings’ president Eric Alberto expressed confidence in breaking even on EBITDA in 2025 and seeing an increase in 2028.
"Given such progress and based on the business plan of DITO Telecommunity, the telco is looking for EBITDA breakeven by 2025, and it continues to endeavour onwards to achieve net profitability by end of 2028,” said Alberto.
The MNO has a fourth annual technical audit by the National Telecommunications Commission this month. To pass the audit, DITO needs to prove it has deployed coverage to 80% of the population and delivered minimum download speeds of 55Mbps over 4G.
Alberto said that DITO has a presence in 810 cities and municipalities in the Philippines with a subscriber base of 17 million since commercial launch in March 2021. The operator achieved 12 million subscribers in November 2022.
