DITO Telecommunity names new CEO as Dennis Uy steps down

While he left the position of CEO, Dennis Uy remains as the chairman of DITO Tel.

Dennis Uy and Eric Alberto

DITO Tel has a new CEO

In a statement, DITO CME Holdings Corp, the information and communications technology (ICT) arm of the Udenna Group, announced the transfer of Ernesto Alberto from DITO CME president to chief executive officer of its subsidiary DITO Telecommunity.

He replaced Dennis Uy who is still DITO Tel’s chairman.

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. His appointment comes at an opportune time as we continue to maintain the Company on a high-growth trajectory, Uy said.

Meanwhile, DITO CME Chief Operating Officer Donald Patrick Lim was also appointed as DITO CME president in an acting capacity.

DITO Tel recently secured a USD3.9 billion long-term loan to "extinguish" its short-term loan facilities, pay contractors, and fund continuing network rollout projects.

With the recent equity infusions at the DITO CME level and DITO Tel’s signing of the US$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.

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