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Converge enters PBA
Converge issues official statement on its acquisition of the Alaska franchise and entry to the Philippine Basketball Association
March 23, 2022
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- Pampanga
Converge issues official statement on its acquisition of the Alaska franchise and entry to the Philippine Basketball Association
Converge ICT Solutions Inc. (PSE: CNVRG) more than doubled its net income to P7.2 billion in 2021 from P3.4 billion the previous year, growing by 111% on the back of record number of port rollouts, continued strong expansion of its residential subscriber base, and recovery of the enterprise business.
In a recent United States Agency for International Development (USAID) project forum, Converge ICT Solutions Inc. emphasized the importance of building its own nationwide backbone to lower the cost of high speed internet to its consumers, particularly in unserved and underserved areas.
Converge ICT Solutions Inc. remains to be the ISP providing the best streaming Netflix experience among the country’s players, landing on top of the Netflix ISP Speed Index Leaderboard at the end of 2021, according to the content streaming giant.
Converge ICT Solutions Inc. completes this month its P6 billion domestic submarine cable project that connects the country’s major islands from Luzon to the Visayas and Mindanao to its national fiber backbone. The 1,800 kilometer subsea cable makes its final landing in Coron, Palawan on Sunday, October 31.
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