Dito CME Holdings Corporation (formerly known as Itogon-Suyoc Mines, Inc. and ISM Communications Corporation) is a Filipino conglomerate holding firm and the parent company of

Dito Telecommunity Dito Telecommunity Corporation (stylized as DITO), formerly known as Mindanao Islamic Telephone Company, Inc. or Mislatel, is a telecommunications company in the Philippines which is also engaged in the business of multimedia and information te ...

. Formed in 1925, the company primarily engages in

telecommunications Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

and

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

infrastructure.

History

The early years

Itogon-Suyoc Mines, Inc. was founded in January 1925 as a

mining company This is an incomplete alphabetical list of mining companies. A * Adex Mining * Aditya Birla Group * African Rainbow Minerals * Agnico Eagle * Aiteo * Almonty Industries * Alumina * Anaconda Copper * Anglo American (mining) * Anglo Platinum ...

. During the 2000s, the company (which subsequently renamed as ISM Communications Corporation in April 2002) began diversified with the investments in different industry sectors such as telecommunications (a stake in Eastern Telecommunications Philippines, later divested in 2011),

gaming Gaming may refer to: Games and sports The act of playing games, as in: * Legalized gambling, playing games of chance for money, often referred to in law as "gaming" * Playing a role-playing game, in which players assume fictional roles * Playing ...

and

hospitality Hospitality is the relationship of a host towards a guest, wherein the host receives the guest with some amount of goodwill and welcome. This includes the reception and entertainment of guests, visitors, or strangers. Louis de Jaucourt, Louis, ...

(a 65% stake in Acentic GmbH), and

banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

(a 97% stake in

Philippine Bank of Communications The Philippine Bank of Communications (), more commonly known as PBCOM (Hokkien ; & Mandarin ), is a universal bank in the Philippines. It was founded in 1939. The bank's headquarters, PBCom Tower, located in Makati, is the second-tallest bu ...

, sold to Lucio Co), before it became a holding company in 2016.

Dennis Uy era

In August 2018, businessman

Dennis Uy Dennis Ang Uy ( zh, c=, p=Huáng Shūxián, poj=N̂g Chu-hiân, s=, t=, first=poj; born September 26, 1973) is a Filipino businessman, government official, and diplomat. Uy is the founder of Udenna Corporation, which has stakes in various bus ...

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,

. As part of a deal, Dito CME will own a 100% stake in Udenna's subsidiary, Udenna CME Holdings Corporation which co-owns (along with another Udenna subsidiary, Chelsea Logistics) one of Dito's parent companies, Dito Holdings Corporation (the other is the Chinese state-owned

China Telecommunications Corporation China Telecommunications Corporation (), known as its trading name China Telecom, is a Chinese state-owned telecommunication company. It is the largest fixed-line service and the third largest mobile telecommunication provider in China. The corp ...

). The deal made Udenna Corporation became as a parent company of Dito CME. In June 2021, Dito CME (through its subsidiary, ISM Equities Corporation (now DITO CME Ventures, Inc.)) signed a sales-and-supply agreement with

Samsung Electronics Samsung Electronics Co., Ltd. (SEC; stylized as SΛMSUNG; ) is a South Korean multinational major appliance and consumer electronics corporation founded on 13 January 1969 and headquartered in Yeongtong District, Suwon, South Korea. It is curr ...

Philippines. In July 2021, Dito CME announced its partnership with

Alibaba Cloud Alibaba Cloud, also known as Aliyun ( zh, p=Ālǐyún, s=阿里云, l=Ali Cloud), is a cloud computing company, a subsidiary of Alibaba Group. Alibaba Cloud provides cloud computing services to online businesses and Alibaba's own e-commerce ecos ...

to provide cloud computing and storage products for its digital educational platform, Luna Academy. In January 2022, Dito CME dropped the

Rights offering A rights issue or rights offer is a dividend of subscription rights to buy additional securities in a company made to the company's existing security holders. When the rights are for equity (finance), equity securities, such as shares, in a public ...

of US$156 million for the expansion in Philippines citing the reason of "less than ideal market conditions."

References

{{reflist Holding companies of the Philippines Companies based in Bonifacio Global City Holding companies established in 1925 Companies listed on the Philippine Stock Exchange 1925 establishments in the Philippines Udenna Corporation Philippine companies established in 1925