With newly listed fiber broadband provider Converge ICT publicly declaring it will seek to deploy the country’s most extensive fiber network, local telcos PLDT and Globe Telecom have disclosed significant investments to expand their own fiber infrastructure.
Tag: Converge ICT
Converge ICT founder and chief executive officer Dennis Anthony Uy said proceeds of the IPO will boost the company’s objective to build the largest fiber broadband network in the country.
Fiber broadband provider Converge ICT Solutions said it has also increased its overall hotline capacity to match the additional staffing to address customer inquiries and follow-ups.
Converge ICT will hold the offer period from October 13 to 19.
The Securities and Exchange Commission (SEC) has considered favorably the initial public offering of Converge ICT for a maximum of about P41.55 billion.
Luzon-based broadband provider Converge ICT is expanding to Mindanao and has tapped Finnish network firm Nokia to deploy fiber-to-the-home (FTTH) solution.
With the tie-up, Converge ICT customers can now pay their bills in more than 500 self-service “Pay & Go” payment kiosks, with a number of them operating 24/7.
With the investment, Converge ICT said it will be able to fastrack the construction of its $1.8-billion nationwide Internet backbone.