Dito CME Holdings Corporation

DITO CME Holdings Corporation (formerly known as ISM Communications Corporation) is a Filipino conglomerate holding firm. Formed in 1925, the company primarily engages in telecommunications and information technology infrastructure.

Dito CME Holdings Corporation
(DITO CME)
TypePublic
PSE: DITO
IndustryConglomerate (investment)
Predecessor
  • Itogon-Suyoc Mines, Inc. (1925–2002)
  • ISM Communications Corporation (2002–2020)
FoundedJanuary 1925 (1925-01)
Headquarters21/F Udenna Tower, Rizal Drive corner 4th Avenue, Bonifacio Global City,
Taguig, Metro Manila
,
Philippines
Key people
  • Dennis Uy (Chairman)
  • Ernesto R. Alberto[1] (President)
  • Donald Patrick Lim (Chief Operating Officer)
Services
₱−33.53 billion (2019)
₱−34.89 billion (2019)
Total assets₱4.13 billion (2019)
Total equity₱4.13 billion (2019)
Websiteditocmeholdings.ph

It was founded as a mining company but since the 2000s has been largely focused on the investment in different industry sectors such as telecommunications (a stake in Eastern Telecommunications Philippines, later divested in 2011), gaming and hospitality (a 65% stake in Acentic GmbH), and banking (a 97% stake in Philippine Bank of Communications, sold to Lucio Co), before it became a holding company in 2016.[2][3][4] In 2018, businessman Dennis Uy bought a 45% controlling stake in ISM, and in March 2020, the firm was renamed to its current name.[5][6]

Indirect ownership of Dito Telecommunity

Following the major entry of Dito Telecommunity (DITO, formerly Mislatel) as the third telecommunications provider in the Philippines, Dito CME will own an indirect interest in DITO through Uy's Udenna Corporation and its subsidiary Chelsea Logistics Corporation (while Chinese state-owned China Telecommunications Corporation owns 40% stake in DITO).[7][1]

References
  1. Abadilla, Emmie (14 August 2020). "Former PLDT top executive Alberto assumes DITO presidency". Manila Bulletin.
  2. Montecillo, Paolo (21 October 2011). "SMC buying Ongpin group's ETPI shares". Philippine Daily Inquirer.
  3. Austria, Jenniffer (28 September 2018). "DepEd starts test broadcast of TV episodes for distance learning". Manila Standard.
  4. Abad, Roderick (30 September 2014). "ISM raises P1.95 billion from share-sale deal in PBCom". BusinessMirror.
  5. Dumlao-Abadilla, Doris (17 August 2018). "Dennis Uy acquires 45.13% of ISM". Philippine Daily Inquirer.
  6. "ISM changes name to DITO". BusinessWorld. 26 March 2020.
  7. Bacungan, Ian Irving (29 July 2020). "DITO Telecommunity holds the franchise of Dennis Uy's media business DITO CME". Techbeat Philippines.
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