dito

Dito Telecommunity Corporation (formerly known as Mindanao Islamic Telephone Company, Inc. or Mislatel), is a telecommunications company in the Philippines. It is a consortium of Davao businessman Dennis Uy's Udenna Corporation and its subsidiary Chelsea Logistics Corporation, and Chinese state-owned China Telecommunications Corporation, a parent company of China Telecom. The consortium is known as the sole winner of the government-sanctioned bidding that would allow the consortium to become the third major telecommunications provider in the Philippines challenging the duopoly of PLDT and Globe Telecom The company will be issuing an additional 40 billion shares with a par value of 1.0 peso per share to further add to its Market Capitalization.Dito is expected to begin its commercial operations by March 2021, moving its scheduled first call at the end of June 2020, citing certain lockdowns on key cities within the Philippines may delay its technical launch on July 2020, pulling Force majeure which the National telecommunications commission understands.

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