Posted inTech News, Telecoms

DITO Telecommunity secures $1.18 billion bridge loan extension from Chinese lenders

Following months of attempts to secure funding for its expansion plans, DITO Telecommunity has finally renewed its bridge loan with the China Minsheng Banking Corp. and Bank of China. DITO’s parent company, DITO CME Holdings Corp., claimed that the $1.175 billion bridge facility was outstretched, per word to the Philippine Stock Exchange (PSE). According to […]