Uy steps down as chief executive of DITO Telecom

Defining the News

Businessman Dennis Uy stepped down as chief executive of DITO Telecommunity Corp. but will remain chairman of the country’s third major mobile service provider.

The holding company of Uy said Eric Alberto would be reassigned to DITO Telecom as chief executive from his current position of DITO CME president. “Eric’s wealth of experience in senior capacities in the banking and telecoms sectors spanning several decades, will be very valuable in his new role as DITO Tel CEO,” Uy said.

“With the recent equity infusions at the DITO CME level and DITO Tel’s signing of the $3.9-billion long-term project finance facility, we have further confidence in DITO CME and DITO Tel achieving their business plan targets at the soonest possible time,” Uy said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Diokno asks World Bank, other lenders to ease loan termsDefining the News
Read more »

Parañaque 7th richest city in Metro ManilaDefining the News
Read more »

China, PH firms sign deal for floating solar project in Laguna LakeDefining the News
Read more »

Ayala selling P5.7 billion worth of Manila Water sharesDefining the News
Read more »

DMCI declares P9.56 billion in special cash dividendDefining the News
Read more »

Meralco announces higher power rate in NovemberDefining the News
Read more »