BUSINESS

SENATE approves DITO franchise

House Bill 7332 renewed the franchise of DITO, owned by Davao businessman Dennis UY, for another 25 years. DITO holds a congressional franchise via Mindanao Islamic Telephone Company, Inc., which is set to expire in 2023.

 March 24, 202

On the last day of the session before the Holy Week recess, the Senate on Monday approved the franchises of DITO Telecommunity Corp., another telecommunications company, and four broadcast firms.

Senator Grace Poe, the chairperson of the Committee on Public Services, steered the passage of the measures.

The franchise of DITO Telecommunity Corp got the approval of 17 senators, with Senators Risa Hontiveros and Francis Pangilinan voting against it and Senator Panfilo Lacson abstaining.

Previously, the telecommunications sector was being dominated by SMART/Philippine Long Distance Company and Globe Telecommunications. READ MORE

Categories: BUSINESS

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