The Daily Tribune
Converge targets 4M subscribers by 2027
Converge ICT Solutions Inc. aims to reach four million subscribers by 2027 by adding 500,000 new subscribers annually.
The company plans to expand its residential market share across all income segments, including middle and upper-income with FiberX, and lower-income markets through Surf2Sawa and BIDA Fiber.
To support this growth, Converge has allocated up to P25 billion in capital expenditures for 2024, expecting revenue to increase by 14 to 16 percent.
Investments include expanding its data center business with new facilities in Caloocan and Pampanga, and integrating subsea cables like Bifrost and Southeast Asia Hong Kong-Hainan Express Cable System for improved redundancy.
Converge is also launching Content+, an internet-based TV solution tailored for the hospitality sector.
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