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Converge ICT

Converge ICT Solutions, Inc. is a leading telecommunications company in the , specializing in high-speed fixed services delivered through an end-to-end pure fiber optic network. Founded in 2007 by Dennis Anthony H. Uy and Maria Grace Y. Uy, it is headquartered in Pasig City and operates as a pure-play provider focused on optical fiber-based connectivity for residential and enterprise customers. As the fastest-growing service and technology provider in the country, Converge aims to deliver reliable, symmetric-speed internet to bridge the , aligning with national development goals and global sustainability standards. The company traces its origins to a family business in , where began with a and rental shop in his teens, later transitioning to services following the 1991 eruption. This evolved into Comclark Network and Technology Corporation, Converge's controlling shareholder, before the formal establishment of Converge ICT in 2007 as the first operator of a nationwide pure in the . In 2019, the company received a $225 million investment from Warburg Pincus to fuel network expansion, enabling coverage to over 16 million homes passed by fixed broadband services. Converge went public on the Philippine Stock Exchange in 2020 under the ticker CNVRG, raising over $500 million in one of the largest initial public offerings in the nation's history. Converge's residential services provide unlimited data for streaming, gaming, browsing, and , emphasizing symmetric and speeds up to 1 Gbps or higher. Its offerings include dedicated fiber connectivity, data centers, and solutions tailored for businesses, supporting sectors like , , and government. Certified under ISO standards and the 2.0 framework, the company prioritizes quality and reliability in its operations. With a of approximately $1.6 billion as of November 2025, Converge derives the majority of its revenue from its residential segment while expanding its footprint. In recent years, Converge has reported strong financial growth, achieving a 10.1% increase in revenue to 33 billion and an 8.4% rise in to 8.9 billion for the first nine months of 2025, driven by subscriber additions and investments. The company has earned accolades such as Telecom Company of the Year in the at the 2024 Asian Telecom Awards, highlighting its innovations in and technology deployment. Under the leadership of CEO and President Maria Grace Uy, who retain a majority stake, Converge continues to invest in nationwide rollout to enhance digital inclusion across urban and rural areas.

History

Founding and franchising

Converge ICT traces its origins to ComClark, which was founded in 1992 by in , , , to deliver and services in the region. This early venture laid the groundwork for the company's expansion into broader telecommunications offerings, initially concentrating on fiber optic connectivity between and the nearby Clark Special Economic Zone. ComClark Network and Technology Corp., incorporated in 1997, served as the parent entity supporting the development of dedicated infrastructure. Converge Information and Communications Technology Solutions, Inc. was formally incorporated on October 17, 2007, in , , as a of ComClark. The initial headquarters was located at the New Street Building on McArthur Highway in Balibago, , serving as the operational base for early deployments. In its formative years, the company focused on providing and services across and adjacent provinces in , including , , and , to support local business and residential connectivity needs. A pivotal milestone came in 2009 when the Philippine enacted Republic Act No. 9707, granting Converge Solutions, Inc.—formed as a of ComClark—a 25-year congressional to construct, install, establish, operate, and maintain systems throughout the . This legislative authorization enabled the company to legally expand beyond its initial regional scope, formalizing its role as a licensed provider while adhering to national regulatory standards.

Growth and IPO

In 2011, Converge ICT Solutions, Inc. shifted its focus toward fiber-optic broadband services after obtaining a Provisional Authority from the (NTC) to install, operate, and maintain a nationwide broadband , marking a strategic pivot from its earlier cable TV operations under parent company ComClark Network and Technology Corporation. This emphasis enabled the launch of fixed broadband services in 2012, initially targeting and surrounding areas, with the incorporation of Metroworks ICT Construction Inc. in 2013 to oversee network rollout and expansion. The company's growth accelerated through phased fiber network buildouts, culminating in a nationwide expansion plan announced in 2018 that aimed to complete core infrastructure by 2021, including partnerships with firms like Fibernet Konstrukt for over 1,600 km of fiber optic cables in Southern and the . Pre-2020 initiatives also encompassed projects, such as the Visayas-Mindanao backbone, to enhance inter-island connectivity. By the end of 2020, Converge had more than doubled its fiber optic network to over 55,000 km, supporting rapid subscriber growth amid rising demand for reliable internet. Converge went public on the () in October 2020 under the ticker CNVRG, conducting an that raised approximately ₱29.08 billion through the sale of up to 1.73 billion shares at ₱16.80 each, making it one of the largest IPOs in PSE history and the biggest in the Philippine telecom sector at the time. The proceeds primarily funded capital expenditures for network expansion, positioning the company to scale operations nationwide. Following the IPO, Converge pursued aggressive network expansions and deepened its penetration into enterprise solutions, particularly for (BPO) firms requiring high-speed connectivity, while simultaneously growing its residential market segment to over 1 million subscribers by late 2020. A key 2021 milestone was the completion of its domestic submarine cable network, spanning 1,800 km and linking , , and to bolster overall infrastructure resilience.

Recent developments

In late 2021, Converge ICT completed its ₱6 billion domestic subsea project, known as the Converge Domestic Network (CDSCN), which spans 1,800 kilometers and connects , , and to enhance national capacity and international connectivity. In February 2021, Converge ICT announced discussions for a potential partnership with SpaceX's to deliver -based broadband services aimed at improving rural coverage in the , though the company described the talks as preliminary and no formal agreement was reached at the time. In March 2025, Converge formalized a partnership with to resell internet services, providing high-speed, low-latency connectivity for rural and enterprise customers, including installation, network management, and maintenance. In July 2024, Converge ICT's affiliate, Reliance Broadcasting Unlimited, Inc., secured a direct-to-home (DTH) TV franchise license from the , enabling nationwide expansion into pay-TV services and targeting underserved areas beyond fiber reach. Converge ICT entered the Singapore market in January 2023 through its subsidiary, Converge Singapore Pte. Ltd., which obtained a facilities-based operator license from the to provide enterprise connectivity services, including international fiber optic capacity for wholesale and business clients. Throughout 2025, Converge ICT accelerated its transition from a traditional provider to a "techco" model, as outlined in its mid-year corporate reports, with key initiatives integrating AI-driven analytics, platforms, and cybersecurity enhancements to support enterprise and expand beyond core connectivity. This shift has contributed to modest subscriber growth in enterprise segments, aligning with broader network expansions.

Business operations

Services offered

Converge ICT's primary service is its FiberX high-speed fixed offering for residential customers, which provides symmetric upload and download speeds of up to 1 Gbps on a pure fiber-optic network. Launched in 2012 following the company's franchising in 2009, FiberX serves as the flagship product with plans tailored for streaming, , and general , including bundles like integration and no-contract options starting at short-term commitments. In 2025, Converge introduced Super FiberX, an upgraded plan offering speeds up to 800 Mbps or 1 Gbps in premium tiers, with modems and bundled streaming services. For small and medium-sized enterprises (SMEs), Converge introduced Surf2Sawa in 2023 as the ' first prepaid fiber service, offering unlimited access with flexible top-up options from P50 daily and speeds up to 50 Mbps, targeting budget-sensitive users without long-term contracts. As of September 2025, Surf2Sawa surpassed 500,000 active subscribers. In addition to , Converge provides IPTV through its Converge , launched in 2021, which delivers multi-genre and multi-language channels—ranging from 61 to 88—via an Android-based integrated with the fiber network for streaming and access to apps. The company also offers under the Air Cable brand, a legacy focused on urban areas in , providing local and international channels through cable infrastructure. For enterprise customers, particularly BPOs and corporations, Converge delivers encompassing dedicated , Ethernet connectivity up to 10 Gbps, and solutions for secure, high-performance networks. These are complemented by services for scalable and cybersecurity measures, including proactive threat detection and tools to support mission-critical operations. In 2023, Converge expanded its portfolio with facilities, enabling offsite server hosting with redundancy against outages and disasters across multiple sites.

Network infrastructure

Converge ICT operates one of the largest fiber-optic networks in the , spanning over 888,000 kilometers of assets nationwide as of 2025. This extensive infrastructure utilizes a (PON) architecture to facilitate efficient last-mile delivery, enabling high-capacity data transmission from central offices to end-users through optical splitters that minimize active components and reduce maintenance costs. The company's international connectivity is enhanced by participation in the Asia Direct Cable (ADC) subsea system, which became operational in November 2024 and connects the Philippines to key hubs in Singapore, Hong Kong, Japan, and other Asian regions, providing low-latency, high-bandwidth links for global data traffic. This subsea infrastructure supports Converge's domestic operations by integrating with its terrestrial fiber backbone, ensuring robust end-to-end connectivity. Converge joined the ADC consortium in May 2022 to secure capacity for international expansion. In 2025, Converge advanced further with the Bifrost Cable System landing in Davao, providing a direct US-Asia link, and anticipates SEA-H2X operations by year-end. In 2024, Converge allocated between ₱17 billion and ₱19 billion in capital expenditures primarily for network upgrades, including enhancements to 5G-ready backhaul infrastructure through fiber-sharing agreements and the development of facilities via new centers. For 2025, capex is set at ₱15-17 billion, continuing focus on infrastructure expansion. These investments focus on increasing backhaul capacity to support emerging technologies like and workloads, with partnerships enabling shared access to terrestrial and fibers for mobile backhaul. Converge employs and 10 Gigabit Symmetric PON (XGS-PON) technologies across its access layer, enabling symmetric upload and download speeds up to 10 Gbps where supported. This provides a performance advantage over traditional copper-based systems reliant on asymmetric DSL connections. This PON implementation underpins services like FiberX by ensuring consistent, high-speed delivery to residential and enterprise customers.

Service coverage

Converge ICT's domestic service coverage extends to 495 cities and municipalities across all 17 , encompassing urban, suburban, and emerging rural locales. The company's fiber network demonstrates particularly dense penetration in key areas such as , , and the , where high-demand residential and enterprise users are concentrated, supporting robust access for streaming, remote work, and digital services. To address connectivity gaps in underserved communities, Converge has actively participated in rural expansion initiatives under the Philippine government's national program, including the Konektadong Pinoy initiative, since 2022. These efforts involve deploying shared passive infrastructure, such as fiber optic backbones and towers, to enable affordable last-mile connections in remote provinces, fostering digital inclusion for , , and telemedicine in areas previously reliant on slower technologies. As of 2025, these expansions support coverage of over 16 million homes passed. On the international front, Converge established its footprint in in January 2023 via subsidiary Converge ICT Singapore Pte. Ltd., which received regulatory approval to deploy infrastructure and offer specialized connectivity services. This expansion targets enterprise clients with high-capacity data links, including Ethernet International Private Lines and Dedicated , facilitating seamless integration across for multinational businesses and regional trade. Complementing its direct deployments, Converge collaborates with local internet service providers (ISPs) to extend last-mile access in hard-to-reach provinces, leveraging joint infrastructure sharing to optimize costs and accelerate rollout. These partnerships, aligned with recent policies, enable broader .

Corporate affairs

Ownership and leadership

Converge ICT Solutions Inc. was co-founded in 2007 by Dennis Anthony H. Uy and Maria Grace Y. Uy, who have remained central to its leadership since inception. Dennis Anthony H. Uy serves as and , guiding the company's strategic direction as a self-made industrialist with extensive experience in and . Maria Grace Y. Uy acts as President, Chief Resources Officer, and , overseeing resource allocation and operational support while contributing to the firm's growth into a major provider. Jesus C. Romero joined as Chief Operations Officer in February 2016, managing day-to-day operations until his retirement on June 30, 2025, after nearly a decade of service that bolstered the company's network expansion. The company's ownership is predominantly controlled by ComClark Network and Technology Corp., which holds 66.0% of the outstanding shares as of June 30, 2025, reflecting the family's influence through this entity. The accounts for 30.91% of shares, following the company's in 2020, with the remaining shares held by directors and officers. This structure underscores ComClark's role as the majority shareholder, enabling aligned decision-making on long-term investments in fiber infrastructure. The Board of Directors comprises seven members, balancing executive oversight with independent expertise and representation from major stakeholders. It includes four independent non-executive directors—Jose Pamintuan de Jesus (Chairman), Estela M. Perlas-Bernabe, Roman Felipe S. Reyes, and Amando M. Tetangco Jr.—who provide and perspectives drawn from their backgrounds in business, law, and finance. The two executive directors, Dennis Anthony H. and Maria Grace Y. , represent the founding family's interests via ComClark, while Park Weongi serves as a , bringing technology leadership from his prior role at Cloud. This composition emphasizes the Uy family's control while adhering to regulatory standards for board . In response to the company's shift toward a technology-focused provider, leadership saw key changes in 2025, including the designation of Paulo Martin Santos as in September, transitioning from his prior role as Chief Network Transformation Officer since joining in 2022. This appointment aims to accelerate innovation in digital services and cloud infrastructure. Concurrently, Benjamin Rex Emilio Azada was elevated to Chief Operations Officer effective July 1, 2025, succeeding Romero and focusing on operational efficiency amid the techco evolution.

Subsidiaries and affiliates

Converge ICT operates through a network of subsidiaries and affiliates that extend its capabilities in , international expansion, and distribution. These entities support the parent company's focus on fiber-optic while handling specialized functions such as network construction, , and broadcasting. ComClark Network and Technology Corp. functions as the primary and owner of Converge ICT, overseeing non-core assets including broadcast and services beyond the core operations. Founded in 1992 as a Pampanga-based , ComClark established Converge ICT Solutions Inc. in 2007 as its subsidiary to concentrate on residential and , allowing ComClark to manage ancillary and regional projects. Converge Global Business Group Pte. Ltd. (formerly Converge ICT Singapore Pte. Ltd.) is a wholly-owned formed in 2021 to facilitate operations, particularly in , by providing cross-border connectivity and reselling services like satellite internet. It obtained regulatory approval from the government in early 2023 to deliver bandwidth and enterprise solutions, marking Converge's first major overseas expansion. Reliance Broadcasting Unlimited, Inc. serves as a key affiliate, acquired through asset purchases in 2024 and 2025 to bolster Converge's entry into satellite TV franchising and content distribution. The affiliation enables integration of broadcasting with broadband services, such as bundling TV channels with fiber plans; in July 2024, Reliance secured a direct-to-home (DTH) license from the National Telecommunications Commission (NTC) to offer free-to-air satellite TV nationwide, targeting remote areas. Further, in April 2025, it acquired idle satellite assets from ABS-CBN Corporation for approximately P421 million to revive services like SkyDirect under Converge's ecosystem. Other affiliates include Metroworks ICT Construction , a operational since 2013, which specializes in services and rollout to support Converge's infrastructure expansion across the . Additionally, Converge maintains affiliates like Converge , a with International established in 2022, focused on enhancing enterprise connectivity through shared points of presence and international bandwidth. For hosting, Converge leverages its in-house operations, with investments in facilities since 2021 to provide hosting and services, though no distinct affiliate is designated for this function.

Financial performance

Revenue and profitability

Converge ICT Solutions Inc. reported consolidated revenues of ₱35.4 billion for 2023, reflecting steady growth driven by expanding services. For 2024, consolidated revenues reached ₱40.6 billion, a 14.8% increase from 2023, with after tax rising 18.8% to ₱10.8 billion. In the first half of 2025, revenues reached ₱21.8 billion, marking an 11.6% year-on-year increase from ₱19.5 billion in the same period of 2024, supported by strong residential demand. The company's profitability has shown consistent improvement, with net income after tax of ₱9.1 billion in fiscal year 2023, up 22% from the prior year. For the first nine months of 2025, net income rose 8.4% to ₱8.9 billion from ₱8.2 billion in the comparable period of 2024, achieving a net income margin of 27.0%. Revenue streams are predominantly from broadband subscriptions, accounting for approximately 84% of total revenues in the first nine months of 2025, with residential services contributing ₱27.7 billion (9.1% year-on-year growth). Enterprise services made up the remaining 16%, generating ₱5.2 billion (16.2% year-on-year increase), while represent a smaller but growing portion integrated within these segments. Key drivers of financial performance include the ₱29.1 billion raised from the company's 2020 , which funded extensive network expansion and enhanced service capacity nationwide. This investment has contributed to margin improvements, with net income margins rising from around 22% in 2020 to 27% in the first nine months of 2025, reflecting operational efficiencies and scale.

Subscriber metrics

Converge ICT's subscriber base, primarily consisting of residential connections, reached 1.97 million as of June 2023. By September 2025, this had expanded to nearly 2.93 million residential subscribers, reflecting sustained demand for high-speed services. This growth encompasses both postpaid and prepaid segments, with postpaid accounting for the majority at approximately 2.42 million and prepaid at 0.51 million by the end of September 2025. The company's subscriber growth trajectory has accelerated since 2021, when the residential base stood at about 1.7 million. Annual net additions have consistently exceeded 400,000 in recent years, including roughly 460,000 in 2024 and 370,000 in the first nine months of 2025 alone. Key drivers include promotional campaigns for the FiberX postpaid plans and rural expansion efforts via affordable prepaid options like Fiber and Surf2Sawa, which have boosted accessibility in underserved areas. Converge has maintained a low of around 2% in recent quarters through 2025, supporting subscriber retention amid competitive pressures. The (ARPU) for the residential segment stood at approximately ₱1,107 monthly as of the first quarter of 2025. This composition underscores the scale of Converge's impact in the Philippine market, where residential growth has been pivotal to overall expansion.

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