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Converge ICT

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From Wikipedia, the free encyclopedia
Internet service provider in the Philippines

Converge ICT
A Converge ICT business center inApalit,Pampanga
Company typePublic
PSECNVRG
IndustryCommunications services
FoundedAngeles City, Philippines
(October 17, 2007; 18 years ago (2007-10-17))
Founder
Headquarters
New Street Building, Mc Arthur Highway, Balibago, Angeles City, Pampanga
,
Philippines[1]
Area served
Philippines
Singapore
Key people
  • Dennis Anthony Uy
    (CEO and executive director)[2]
  • Maria Grace Y. Uy
    (President, chief risk officer, chief resource officer, and executive director)[2]
  • Jesus C. Romero
    (Chief operating officer)[2]
ProductsCable television
IPTV services
Broadband services
Brands
  • Air Cable
  • Air Internet
  • Converge FiberX
  • Converge Vision
  • Converge Business
  • Surf2Sawa Prepaid Fiber
  • BidaFiber
RevenueIncrease₱35.36 billion(FY 2023)[1]
Increase₱12.12 billion(FY 2023)[1]
Owner
  • ComClark Network and Technology Corporation (66.02%)[1]
  • Public (33.91%)[1]
Number of employees
3,379 (2023)[1]
Subsidiaries
  • Converge Venture Holdings Inc.
  • Converge ICT Solutions Global Ltd.
  • Converge ICT Singapore Pte. Ltd.
  • Telstra Converge Inc.
    (Joint venture with Telstra)
  • Asia Netcom Philippines
    (Joint venture with ANPC)
ASN
Websitewww.convergeict.com

Converge Information and Communications Technology Solutions Inc., doing business asConverge ICT or simplyConverge, is atelecommunications service provider in the Philippines. It operates fiber-optic broadband networks,Internet Protocol television (marketed asConverge Vision in partnership with Pacific Kabelnet),cable television (marketed as Air Cable), and cable Internet (marketed as Air Internet) in the country. As of June 2023, it had 1,969,663 FiberX subscribers, capturing 54% of the country'sfiber to the home market share.[3] As of 2022, the Converge fiber backbone spanned 600,000 kilometers, reaching 495 cities and municipalities across the country.

History

Converge was established in 1996 as the ComClark Network and Technology Corp. byDennis Anthony Uy in 1996 at Angeles City.[4]

In 2009, theCongress of the Philippines enacted Republic Act No. 9707, to grant Converge ICT Solutions Inc. the franchise to construct, install, establish, operate, and maintain atelecommunication system throughout the Philippines.[5]

In 2020, Converge ICT Solutions Inc. debuted in thePhilippine Stock Exchange through an initial public offering.[6]

In 2021, Uy told local media that a deal “is on” with Satellite Internet providerStarlink.[7]

Demand for services surged during the pandemic, with an estimated 84% jump in revenue during the first quarter of the 2021 fiscal year.[8]

In 2021, the company also partnered with theDepartment of Trade and Industry (DTI) and local governments to provide free fiber-powered internet and tents at Diskwento Caravan.[9]

In October 2021, Converge ICT completed the domestic subsea cable project, with₱6 billion investment cost.[10]

In July 2024, Converge ICT announced that their subsidiaryReliance Broadcasting Unlimited had been granted a license by theNational Telecommunications Commission to broadcast free-to-air TV networks viasatellite television in the country. They announced plans to launch the service with KT SAT, a subsidiary ofKT Corporation, with an eye towards serving rural areas.[11]

Service areas

Converge ICT serves fiber optic Internet access inMetro Manila,Calabarzon,Central Luzon and several parts of theBicol andIlocos regions,[12][13] and continues to expand its coverage across the country.

Converge ICT competes withPLDT andGlobe Telecom as providers of fiber-to-the-home broadband Internet, in their respective areas of coverage. As of March 2022, it has around 1.8 million subscribers.[14]

The company began deploying telecommunications infrastructure and connectivity services to Singapore in January 2023 through its subsidiary Converge SG after its license was approved by theInfocomm Media Development Authority.[15][16][17]

Affiliate companies

See also

References

  1. ^abcdef"Converge FY2023 17-A Annual Report"(PDF). Converge ICT Solutions Inc. RetrievedMay 10, 2024.
  2. ^abc"Board of Directors, Senior Management, and Adviser".Converge ICT Corporate Site. May 6, 2023. RetrievedMay 6, 2023.
  3. ^Camus, Miguel R. (August 29, 2020)."Converge ICT H1 profit jumps 50%". RetrievedNovember 27, 2020.
  4. ^Manabat, Ashley (November 24, 2020)."From VHS tapes to fiber optic business: Emerging telco magnate Dennis H. Uy bags entrepreneur award".BusinessMirror. RetrievedMarch 20, 2022.
  5. ^"Republic Act No. 9707".www.officialgazette.gov.ph. Archived fromthe original on July 28, 2020. RetrievedMarch 25, 2019.
  6. ^Cigaral, Ian Nicolas (October 1, 2020)."PSE clears Converge ICT's stock market debut". Philippine Star. RetrievedOctober 10, 2020.
  7. ^"Starlink to launch in country with one of the world's worst internet connections".The Independent. March 22, 2021. RetrievedApril 6, 2021.
  8. ^Muslimin, Anis Shakirah Mohd."Billionaire Couple Debut In Top Ten As Demand For Their Company's Broadband Services Explodes".Forbes. RetrievedSeptember 10, 2021.
  9. ^"Converge partners with DTI and LGUs in Bicol".The Manila Times. September 11, 2021. RetrievedSeptember 10, 2021.
  10. ^"CNVRG 3Q2021 Briefing Presentation"(PDF).Converge ICT. November 11, 2021.Archived(PDF) from the original on November 12, 2021.
  11. ^"Converge affiliate Reliance Broadcasting goes nationwide with satellite TV tech".ABS-CBN News. July 9, 2024. RetrievedJuly 10, 2024.
  12. ^"Converge ICT vows early completion of fiber-optic cable installation in Cavite".Manila Bulletin. Archived fromthe original on August 15, 2019. RetrievedAugust 15, 2019.
  13. ^Olandres, Abe (August 18, 2017)."Cavite-wide Fiber Optic Network signed with Converge".YugaTech | Philippines Tech News & Reviews. RetrievedAugust 15, 2019.
  14. ^"Converge ICT says 9-month revenue growth up 67 pct following stock exchange debut". October 30, 2020. RetrievedNovember 27, 2020.
  15. ^"Converge ICT goes international".Philippine Daily Inquirer. January 4, 2023. RetrievedOctober 21, 2025.
  16. ^Rosales, Elijah Felice (January 5, 2023)."Converge expands to Singapore".The Philippine Star. RetrievedOctober 21, 2025.
  17. ^"Converge obtains license to provide connectivity in Singapore".ABS-CBN News. January 4, 2023.

External links

Current
Former
1 Joint venture • 2 Defunct
Retrieved from "https://en.wikipedia.org/w/index.php?title=Converge_ICT&oldid=1318038849"
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