In July 2021, Converge launched Vision Xperience Box, add-on service to its fiber offering, in partnership with Pacific Kabelnet, allowing its subscribers to enjoy multi-genre TV programs and shows in the comfort of their homes.
Silicon Valley-based hardware security firm Axiado Corp. also announced the appointment of Converge CEO and founder Dennis Uy to its board of directors after he made an undisclosed amount of investment during a recent funding round.
In the third quarter alone, Converge said it added a record number of almost 280,000 subscribers, bringing its total residential subscriber count to nearly 1.6 million, 75% higher compared to the same period last year.
The total loan package from Landbank will also include an additional short-term loan line as well as a facility for its trade transactions amounting to up to P2 billion.
Converge CEO Dennis Anthony Uy said the company has no plans as yet to go into mobile since broadband subscriptions at home and in offices are allowing Filipinos to just use over-the-top services such as Facebook Messenger and Viber instead of voice calls.
Fiber broadband Converge ICT has announced it is gearing up to double the data transmission capacity of its metro backbone from the existing 400 Gigabit per second to 800 Gbps over its fiber optic network.
Shopee customers, within the serviceable areas, can avail of Xpress Passes, Converge ICT’s Digital Vouchers for only P99 for guaranteed perks like priority handling of a Converge representative and installation schedule within 3-5 days.
Converge ICT founder and CEO Dennis Anthony Uy said the company is in close coordination with SpaceX but is also talking to a number of satellite broadband providers.
