Singapore firm poised to take control of DITO CME

Singaporean firm Summit Telco Corporation Pte. Ltd has struck a deal to acquire an additional 9 billion shares—currently valued at P17.1 billion—in DITO CME Holdings Corp., operator of DITO Telecommunity (DITO Tel). Once finalized, Summit will emerge as the largest shareholder in the company built by Davao-based businessman Dennis Uy. At present, Summit Telco already
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