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.
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.
Users will be able to plant virtual yakal trees that will have real-life counterparts. The trees will be part of the Ipo Watershed, which is one of the sources of water supply for Metro Manila.
The Office of the United States Trade Representative (USTR) earlier urged the Philippines to implement effective policies to ensure that government agencies do not use unlicensed software.
Dominant telco PLDT has given its approval to the plan of German e-commerce firm Rocket Internet to proceed with an initial public offering on the Frankfurt Stock Exchange in 2014.