Dito Tel News Today

Dennis Uy remains as Dito Tel chairman as Eric Alberto assumes the role of CEO

Dito Telecommunity Corp. has appointed Ernesto “Eric” R. Alberto as its new president and CEO. Alberto, who held the same position for parent company Dito CME Holdings Corp., replaces Dennis A. Uy who remains chairman of Dito Telecommunity. Dito CME COO Donald Patrick L. Lim is simultaneously appointed as DITO CME president in an acting

Dito CME’s liabilities in 2022 exceed its current assets by P196.6 billion, a condition which indicates the 'existence of a material uncertainty that may cast significant doubt' on the company's financials

Put plainly, GT thinks that it is not certain that DITO will avoid going bankrupt in 2023.

The point is that it’s not like DITO just has to survive for a few more years before it passes through some magical barrier where costs fall dramatically and profits start to skyrocket.

Is this a good result for DITO? No, but operations are not as bad as the headline losses could make you think.

PSE wants to be the central crypto exchange in the Philippines.

Now this is a real telcoserye!

So, there could be questions of law, contract, and fairness at play here.