© Reuters.
Ernesto “Eric” R. Alberto has been appointed as the new CEO of DITO Telecommunity, succeeding Dennis Uy, who will continue to serve as chairman. This change in leadership was announced alongside news of a significant financial development for the company.
Alberto, who has a strong background in the banking and telecom sectors, will be taking the helm at a crucial time for DITO. The company recently secured a $3.9 billion loan to support ongoing network expansion, settle contractor dues, and repay debts. This financial move is part of DITO’s broader goal to achieve break-even status by 2025.
The reshuffling of executive roles also includes Donald Lim taking over as acting president of parent company DITO CME Holdings Corp., where Alberto previously served as president. The changes in leadership are expected to support the company’s growth trajectory in the rapidly expanding Information and Communications Technology (ICT) sector.
DITO Telecommunity is a subsidiary of the Udenna Group’s holding firm, DITO CME Holdings Corp. The company’s progress in securing substantial financial backing and appointing experienced leadership underscores its commitment to maintaining high growth in the ICT sector.
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