InfiniVAN plans ₱2B-₱3B IPO, targets B2B market

InfiniVAN, Inc., a Japan-affiliated digital solutions and telecommunications company in the Philippines, plans to launch an initial public offering worth ₱2 billion to ₱3 billion later this year.

BDO Capital and Investment Corporation President Eduardo Francisco described InfiniVAN as a 'very niche' player providing fiber-optic broadband services to businesses.

InfiniVAN offers corporate clients backup internet connections, while smaller customers rely on it as their primary provider, sub-contracting lease lines from PLDT Inc. and reselling them under long-term contracts.

The company is not competing directly with telecom giants but focuses on the business-to-business segment, providing high-capacity transmission technologies for stable data transmission.

Cebu City has awarded InfiniVAN a contract to provide reliable, high-speed internet connectivity through a fiber loop infrastructure connecting barangays, aiming to enhance digital access and drive economic growth.