Dito CME Holdings Corporation

Dito CME Holdings Corporation is a Filipino conglomerate holding firm and the parent company of Dito Telecommunity. Formed in 1925, the company primarily engages in telecommunications and information technology infrastructure.

History

Itogon-Suyoc Mines, Inc. was founded in January 1925 as a mining company. During the 2000s, the company began diversified with the investments in different industry sectors such as telecommunications, gaming and hospitality, and banking, before it became a holding company in 2016.

In August 2018, businessman Dennis Uy bought a 45% controlling stake in ISM, and in March 2020, the firm was renamed as Dito CME Holdings Corporation.
In November 2020, Dito CME announced its share swap deal with Uy's Udenna Corporation to indirect owning its stake in telecommunications company and its namesake, Dito Telecommunity. As part of a deal, Dito CME will own a 100% stake in Udenna's subsidiary, Udenna CME Holdings Corporation which co-owns one of Dito's parent companies, Dito Holdings Corporation. The deal made Udenna Corporation became as a parent company of Dito CME.
In June 2021, Dito CME signed a sales-and-supply agreement with Samsung Electronics Philippines.
In July 2021, Dito CME announced its partnership with Alibaba Cloud to provide cloud computing and storage products for its digital educational platform, Luna Academy.
In January 2022, Dito CME dropped the Rights offering of US$156 million for the expansion in Philippines citing the reason of "less than ideal market conditions."