MANILA, Philippines – Dennis Uy’s Dito Telecommunity secured a $3.9-billion loan, proceeds of which will be used to pay off loans and to finance projects.
Dito CME said the long-term loan “helps ensure future and funding activities, in both debt and equity.” “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,” said Dito CME president Ernesto Alberto.on the company’s ability to make enough money to stay afloat for the foreseeable future due to its massive liabilities.
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