President Rodrigo Duterte on Tuesday granted DITO Telecommunity a 25-year fresh franchise, as the firm sought to challenge the duopoly of Smart and Globe.
Republic Act No. 11537, signed on Tuesday, extended the earlier franchise granted to DITO--then known as the Mindanao Islamic Telecommunications Company Inc.
The new franchise came a day after DITO launched in Metro Manila.
A joint venture between China Telecom and businessman Dennis Uy, DITO began commercial operations on March 8, 2021--launching first in Cebu and Davao.
In its first year, DITO promised to cover at least 37.03% of the country with a minimum speed of 27 megabits per second (Mbps).
By the end of its five-year commitment period, the company hopes to have achieved 84%, with a minimum speed of at least 55 Mbps.