Industry

Dennis Uy's Dito Telco Secures 25-Year Franchise From Government

In only 11 weeks.
IMAGE Udenna Corp. / Unsplash
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Dito Telecommunity, the telco of Udenna Corp. tycoon Dennis Uy, has been granted a 25-year congressional franchise by the House of Representatives.

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With a total of 240 votes in favor of the franchise versus seven votes against it, the House was quick to grant a franchise to Dito Telecommunity after the third reading of House Bill 7332.

The bill was filed on June 6, and managed to secure a franchise in only 11 weeks.

The telco is expected to roll out by March 2021.

Dito is the third telco of the country, breaking the former duopoly between Ayala-led Globe and PLDT’s Smart.

Dito is a consortium between two Dennis Uy companies (Udenna Corp. and Chelsea Logistics Corp.) and China Telecom, a state-owned telco from China.

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Anri Ichimura
Staff Writer, Esquire Philippines
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