DITO CME Holdings Corp CEO, the Udenna Group’s information and communications technology (ICT) arm, Dennis Uy has stepped down as DITO Telecommunity CEO, announcing the appointment of Eric Alberto from DITO CME president to CEO of its subsidiary DITO Telecommunity.
New DITO Telecommunity CEO
Eric Alberto is now the DITO CEO while Dennis Uy remains 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.”
At the same time, DITO CME Chief Operating Officer Donald Patrick Lim has been named as the acting president of DITO CME.
DITO Tel recently obtained a USD3.9 billion long-term loan in order to “extinguish” its short-term borrowing facilities, pay contractors, and support ongoing network expansion plans.
“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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