₱22-BILLION PLAN EYED TO PLUG DITO’S GROWING CAPITAL GAP

DITO CME Holdings Corp. plans to convert about ₱21.8 billion in stockholder advances into equity as it works to address a widening capital deficiency that has reached more than ₱117 billion.

The advances, coming from major investors including Udenna Corp. and China Telecommunications Corp., are intended to help preserve the company’s ownership structure while supporting its financial position.

The company attributed its growing deficit to heavy infrastructure spending for DITO Telecommunity’s nationwide network rollout, as well as losses from foreign exchange depreciation.

DITO CME also disclosed plans to raise additional funds through private placements and possible share issuances as it continues exploring new investors and strategic partnerships.

Despite its financial challenges, the company reported improving earnings and subscriber growth, expressing optimism that its losses will gradually narrow as operations expand.

Source: PhilNews24 | June 1, 2026