DITO Telecommunity Corp. said Thursday it expects to pass the final mandatory performance audit by the National Telecommunications Commission by July this year.
DTO chief technology officer Rodolfo Santiago said the company was on track to hitting a national population coverage of 84 percent by July 2024, up from the current 82-percent coverage.
“We are targeting 86-percent to 87-percent coverage before the end of the year,” he said.
DITO earlier passed its fourth mandatory performance audit with a national population coverage of 80.65 percent.
It said that in terms of minimum average broadband speeds (MABS), DITO was clocked at 74.97 megabits per second for 4G and 639.32 Mbps for 5G for all sites with combined MABS of 357.14 Mbps.
The company earlier allotted between P25 billion and P3 billion for 2024 capital expenditures (capex) to fund its aggressive nationwide network rollout.
“Our capex guidance will be tempered a bit. It should be anywhere between P25 billion to P30 billion,” DITO chief executive Eric Alberto said.
The company set aside P27 billion in capex last year.
DITO is targeting 15-percent to 20-percent market share this year from the current 10 percent. DITO had more than 10 million subscribers.
“We are confident that with our better and brand-new network, we have reasons to gain our rightful share of the market,” Alberto said.