Business

Converge nets P3.9 billion in 1H 2022, up 21.5% Y-O-Y

Leading fiber broadband provider Converge ICT Solutions Inc. (PSE: CNVRG) booked a net income of P3.95 billion in the first half of 2022, a 21.5% growth over the same period last year, despite the challenging economic environment as it continues to roll out its high-speed broadband service to more cities and municipalities across the country and increased demand from businesses, particularly small and medium enterprises (SMEs).

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Cignal Cable invests in Sky Cable

Cignal Cable today entered into a Sale and Purchase Agreement with Sky Vision, ABS-CBN, and Lopez, Inc. for the acquisition of 38.88% of the total issued and outstanding capital stock (the “Sale Shares”) of Sky Cable, one of the leading companies that offers cable television and broadband services under the Sky Cable brand, for a total consideration of Php 2.862 Billion.

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