Riding on fiscal year 2020's strong subscriber growth, pure-play high-speed fixed broadband operator, Converge Information and Communications Technology Solutions, Inc., hauled in P9.14 billion revenues, up 71 per cent from the preceding year's P9.14 billion. The company's net income also grew to...
Internet service provider Converge ICT Solutions Inc. more than doubled its fiber network to over 55,000 kilometers last year, despite challenges posed by the pandemic. “We've accelerated our fiber optic expansion to reach underserved and unserved areas in the country in need of high speed...
Converge ICT Solutions, Inc. (CNVRG), the country’s biggest end-to-end fiber internet provider, makes its fiber network redundant and boosts its service by deploying a third core backbone node as part of its P30 billion capex. "We are all about customers’ online experience. This how we...
The share price of broadband internet service provider Converge Information and Communications Technology Solutions Inc. dropped upon its debut at the Philippine Stock Exchange. Converge shares closed at P15.22 per share, 9.4 percent lower than its initial public offering price of P16.80...
The planned telecommunications infrastructure expansion of a fiber internet provider will significantly contribute to the country’s strong economic bounce-back from the coronavirus pandemic, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III During the...
The local stock market is seen to continue suffering from weak investor confidence as well as a drain on liquidity due to the initial public offering of Converge Information and Communications Technology Solutions, Inc. (Converge). “The slowing inflation highlights a still weak economy and...
Converge Information and Communications Technology Solutions, Inc. (Converge) disclosed to the Philippine Stock Exchange that it has set its final initial public offering price at P16.80 per share to raise up to P29 billion. The firm had earlier moved up the timetable of its planned IPO while...
Converge Information and Communications Technology Solutions, Inc. (Converge) is allotting P12.7 billion to P16 billion worth of its P32.9 billion to P41.55 billion initial public offering for cornerstone investors. In its prospectus, Converge said though that its cornerstone investors...
The Philippine Stock Exchange, Inc. (PSE) has approved the planned initial public offering (IPO) application of Converge Information and Communications Technology Solutions, Inc. (Converge) worth up to P41.55 billion. Coverge targets to raise P36.13 billion from the sale of up to 480.84...
The Securities and Exchange Commission (SEC) has approved the planned P41.55 billion initial public offering of broadband service provider Converge Information and Communications Technology Solutions, Inc. In its meeting on September 24, the Commission En Banc resolved to render effective the...
