The 15-year long-term project facility will be one of the largest long-term debt arranged and syndicated by a group of multinational banks for a Philippine corporation.
It said this would further improve the quality of access and user experience and accelerating the take-up of its FWA 5G and mobile postpaid product offerings.“This project finance facility represents strategic trust and confidence in the vision of the Company to be a major enabler of digital services in the Philippines,” DITO CME president Ernesto Alberto said.
The company earlier said subsidiary DITO Holdings Corp. issued 2.24 billion shares to Summit Global Ltd., an entity organized and existing under the laws of the Cayman Islands at P1 per share or a total of P2.4 billion.