Fiber broadband firm Converge ICT and wireless operator Dito Telecommunity pulled off a surprise on Thursday, Jan. 11, when they announced in a press event in Taguig City that they have signed a “landmark” agreement that will allow the two companies to share select terrestrial and submarine fiber-optic cable assets.
Fiber broadband provider Converge ICT Solutions posted a 7% increase in consolidated revenues to P26.25 billion at the end of September 2023 compared to the same period last year amid an expansion in its residential customer base, surpassing the 2-million mark to 2,048,286.
The companies said the MOU signifies the parties' intent to further strengthen cooperation in the enterprise optical network field on the basis of further exploring successful areas of collaboration in home broadband services, and aiming to jointly promote industry intelligence in the Philippines.
The DICT awarded Converge the contract to supply free Wi-Fi connectivity to 36 municipal sites in Ilocos Sur and Ilocos Norte and four municipal sites in La Union.
The fiber network consists of its subsea, aerial, and terrestrial fiber optic cable network that covers the northernmost tip in Luzon to islands in Visayas and Mindanao.
Rising broadband provider Converge ICT formally announced on Wednesday, March 23, its entry into the Philippine Basketball Association (PBA) following the successful conclusion of the sale and transfer of the Alaska franchise to Converge.
Converge said it is planning to use its micro-trenching technology to put key connectivity elements underground, doing away with the need to rely on poles which are prone to damage during typhoons.
