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DITO Telecommunity Corp. aims to double its revenues in 2024, driven by growing number of mobile and broadband subscribers, an executive said over the weekend.
DITO chief commercial officer Evelyn Jimenez said revenues would likely reach P20 billion, up from P11 billion in 2023.
The company also anticipates to achieve positive earnings before interest, taxes, depreciation and amortization (EBITDA) by 2025.
Jimenez said DITO was targeting 15 to 16 million subscribers this year, up from the current subscriber base of 10.4 million.
The company expects about 300,000 to 400,000 subscribers for home broadband this year from the current 100,000 subscribers.
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DITO expects to pass the final mandatory performance audit by the National Telecommunications Commission by July.
The company also said it was on track to hitting a national…
