MANILA -- The Philippines' China Telecom-backed mobile challenger has started to gain ground, less than a year after launching service in March, setting the country's telecom industry up for greater competition next year.
On Monday, Dito Telecommunity's local owner, DITO CME Holdings, kicked off an 8 billion-peso ($160 million) stock rights offering intended to boost Dito's financial firepower to take on larger and well-entrenched rivals.
