Eric Alberto Takes Over DITO Vice Dennis Uy
Ernesto “Eric” R. Alberto is now the top executive of Dito Telecommunity Corp., taking over as President and Chief Executive Officer (CEO) on Wednesday (Oct. 11) vice Dennis Uy who retains his position as Chairman of the Board of the company.
Alberto, a former top executive of PLDT, was also the President and CEO of the parent company Dito CME Holdings Corp. prior to his current appointment.
“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,” Uy said in a statement. “His appointment comes at an opportune time as we continue to maintain the Company on a high-growth trajectory.”
Alberto has extensive banking and finance and telecommunications experience and as executive vice president and chief revenue officer of PLDT, he was touted to be Manny Pangilinan’s heir as the company’s CEO. However, he opted to retire in 2019 and after the customary one year non-compete clause lapsed, joined the board of Dito as an independent director.
Uy said in his statement that with Alberto’s appointment coupled with the recent capital raise, Dito is on the right track to drive further growth into the company.
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“With the recent equity infusions at the Dito CME level and Dito Tel’s signing of the $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.
Dito Telecommunity has announced that it signed a $3.9-billion long-term project finance facility to bankroll its network expansion and to refinance some of its debts.
Dito is strengthening up its network in support of both its mobile and fixed wireless services. Latest figures show that Dito’s average daily activations increased by 15 percent since the government-imposed requirement that end users have to register their SIMs.
Dito has committed to build its initial network and provide users with at least 55 Mbps of speed with a P257 billion budget over a five-year period from 2020 and cover 84 percent of the entire Philippine population.
Alberto considers the Subic Bay Freeport home, where he makes it a point to spend his weekends when he’s not out of the country, regardless of his daily busy schedule.
“I just can’t have enough of Subic,” Alberto told Subic Bay News, “the bay is perfect for cruising, Jet Ski and fishing and the forests that is only around the corner of the Central Business District offers a soothingconnection with nature.” (Vic V. Vizcocho, Jr.)
