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Converge eyes 'slightly' higher 2022 capex compared to 2021

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ABS-CBN News

<p>MANILA - Converge ICT Solutions Inc on Wednesday said its capital expenditure for next year could be slightly higher compared to the 2021 spending program.</p><p>In a disclosure to the stock exchange, the pure fiber broadband provider said it &quot; expects its capital expenditures for FY2022 to be slightly higher than the capex of P25 billion programmed for FY2021&quot; as it continued its our network expansion activities.</p><p>Converge earlier said it has finished connecting the fiber backbone in Visayas and Mindanao.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/02/10/21/converge-says-doubled-fiber-network-in-2020">Converge says &#x27;doubled&#x27; fiber network in 2020</a></li>	<li><a href="https://news.abs-cbn.com/business/12/24/21/converge-says-to-connect-siargao-command-center-using-satellite-broadband">Converge says to connect Siargao command center using satellite broadband</a></li></ul><p>The company led by Dennis Anthony Uy earlier said it aims to connect 55 percent of homes nationwide by 2025. </p><p>It also earlier said it installed an emergency satellite broadband to connect the command center in Siargao to support relief operations for the victims of typhoon Odette. </p><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1638155" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

Converge ICT Solutions Inc on Wednesday said its capital expenditure for next year could be slightly higher compared to the 2021 spending program.