DITO Telecommunity is confident its Chinese telecom partner will not back out from its investments even after President Rodrigo Duterte’s assertion of the Philippines’ arbitral victory in 2016 against China’s aggressive claims in the West Philippine Sea before the United Nations.
“Politics is one thing, but I think the common interest here is business and nation-building. And I don’t think that our partners will pull out because of a dispute in the West Philippine Sea,” said DITO Chief Administrative Officer Adel Tamano.
DITO is 60%-owned by Davao businessman Dennis Uy’s Udenna Corporation and Chelsea Logistics Holdings Inc., and 40%-owned by Beijing-run China Telecommunications Corporation.
The third telco player bared that it has so far built a total of 859 towers as of September 13, over half of the 1,300 towers that it promised to cover 37% of the population and deliver 27Mbps speed by January 2021.
In his first speech before the United Nations General Assembly, Duterte invoked that the Philippines dismissed any intent to subvert the July 2016 ruling by the Permanent Court of Arbitration in The Hague which favors the country over the West Philippine Sea issue.