Converge ICT

Converge ICT Solutions, commonly referred to as Converge (also known as ComClark in Pampanga), is a telecommunication service provider in the Philippines. It operates fiber optic broadband networks, cable television (marketed as Air Cable), and cable internet (marketed as Air Internet) in the country. It had 1 million FiberX subscribers as of December 2020 capturing 54% of the market share of fiber to the home in the country.[1]

Converge Information and Communications Technology Solutions, Inc.
TypePublic
PSE: CNVRG
IndustryCommunications services
FoundedAngeles, Philippines
(2009 (2009))
FounderDennis Anthony H. Uy
Grace Y. Uy
Headquarters
Reliance IT Building, 99 E. Rodriguez Jr. Ave, Ugong, Pasig, Metro Manila
,
Philippines
Area served
Philippines
Key people
ProductsCable Television
Broadband Services
OwnerComClark Network and Technology Corporation
Websitewww.convergeict.com

History

In 2009, the Congress of the Philippines enacted Republic Act No. 9707, to grant Converge ICT Solutions Inc. the franchise to construct, install, establish, operate, and maintain a telecommunication system throughout the Philippines.[2]

In 2020, Converge ICT Solutions Inc. debuted in the Philippine Stock Exchange through an initial public offering.[3]

Service areas

Converge ICT serves fiber optic internet access in Metro Manila, Calabarzon, Central Luzon and several parts of the Bicol and Ilocos regions,[4][5] and continues to expand its coverage across the country.

Converge ICT competes with PLDT and Globe Telecom as providers of fiber-to-the-home broadband internet, in their respective areas of coverage. As of December 2020, it has around 1 million subscribers, all of whom are in Luzon.[6]

References
  1. Camus, Miguel R. (August 29, 2020). "Converge ICT H1 profit jumps 50%". Retrieved November 27, 2020.
  2. "Republic Act No. 9707". www.officialgazette.gov.ph.
  3. Cigaral, Ian Nicolas (October 1, 2020). "PSE clears Converge ICT's stock market debut". Philippine Star. Retrieved October 10, 2020.
  4. "Converge ICT vows early completion of fiber-optic cable installation in Cavite". Manila Bulletin. Retrieved August 15, 2019.
  5. Olandres, Abe (August 18, 2017). "Cavite-wide Fiber Optic Network signed with Converge". YugaTech | Philippines Tech News & Reviews. Retrieved August 15, 2019.
  6. News, ABS-CBN (October 30, 2020). "Converge ICT says 9-month revenue growth up 67 pct following stock exchange debut". Retrieved November 27, 2020.
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