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Converge says positive growth 'clear sign' of demand for better connectivity in PH

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ABS-CBN News

<p>MANILA - Converge Information and Communication Technology Solutions Inc said Friday its subscriber growth and net profit surge despite the COVID-19 pandemic are &quot;clear signs&quot; of demand for better internet connectivity. </p><p>For the first half of 2021, the pure fiber provider booked a P3.25-billion net income, higher by 158 percent compared to the P1.26-billion total in the same period last year. </p><p>&quot;I think this is a very clear sign to the Filipino consumer that our Filipino consumers are looking for better quality of internet service,&quot; Converge ICT Solutions CEO Dennis Anthony Uy told ANC.</p><p>Uy said Filipinos staying at home for work, entertainment and education require at least 500GB of internet a month. </p><p>Growth is also likely to continue since the broadband market in the country &quot;is really big,&quot; he said. </p><p>Converge, which also offered a home entertainment add-on feature called Vision, is aiming to connect 55 percent of Filipino homes by 2025.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/08/12/21/converge-books-158-pct-rise-in-h1-net-income">Converge books 158 pct rise in first half net income amid expansion to Visayas, Mindanao</a></li>	<li><a href="https://news.abs-cbn.com/business/05/17/21/converge-income-almost-triples-in-q1-as-subscriber-base-almost-doubles">Converge income almost triples in Q1 as subscriber base almost doubles</a></li></ul><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 Information and Communication Technology Solutions Inc said Friday its subscriber growth and net profit surge despite the COVID-19 pandemic is 'clear sign' of demand for better internet connectivity. 