With continued subscriber take-up, high-speed fixed broadband operator Converge Information and Communications Technology Solutions, Inc. revenues soared 81.5 percent to P11.781 billion while earnings more than doubled to P3.252 billion in the first half of this year versus the same period in 2020.
This translates to an increase in its fixed broadband market share from 21 percent in June 2020 to 29 percent in June 2021. As of June 30, 2021, Converge’s nationwide network reached more than 8.3 million homes, on track to reach its target to cover approximately 55 percent of households in the Philippines by 2025.
In September 2020, Converge started to draw down on its international capacity from the Telstra Indefeasible Right of Use contract, reducing the need to lease additional international bandwidth capacity. This industry-leading performance is a result of Converge’s record net profits in 2Q2021 and its consistently disciplined approach in deploying capital to expand its fiber network and tracking key capital efficiency indicators such as port utilization ratios.
And yet, connection is on and off...
Kumikita, habang ung consumers nawawalan nv kita dahil sa LOS. Customer service at its finest.