Dito Telecommunity passes its 3rd technical audit
According to DITO [DITO 3.21 5.31%] [link], the telco passed its 3rd technical audit while also satisfying the minimum coverage threshold for continuance under its congressional franchise.
This year, DITO needed to have “covered” at least 70% of the population, at speeds averaging at least 55 mbps.
DITO covered 72% of the population, and provided a minimum average speed of 71 mbps.
DITO said that it received notice of its “pass” from the National Telecommunications Commission.
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It feels a little rich to refer to its 72% coverage in such breathless terms, as though it didn’t just squeak past a coverage number that is a bare minimum.
Still, a pass is a pass, and DITO can now turn its executive cycles to trying to figure out how to deal with its ballooning US Dollar-denominated debt, which looks like it will only become more of a problem for the next couple of quarters.
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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.
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