Connect with us

Hi, what are you looking for?

HEADLINES

Converge hits 2M residential subscribers

“We are proud to mark this milestone in our mission to leave no one behind as we empower Filipinos with world-class fiber connectivity. This is a result of our effort to expand growth opportunities through providing more affordable connectivity solutions,” said Converge CEO and Co-Founder Dennis Anthony Uy.

As it beefs up its product portfolio to serve customers from different income groups, leading fiber broadband and technology provider Converge ICT Solutions Inc. has surpassed two million residential subscribers as of end-September 2023, with its prepaid segment seeing a significant upswing, alongside the stable growth in its postpaid customers.

“We are proud to mark this milestone in our mission to leave no one behind as we empower Filipinos with world-class fiber connectivity. This is a result of our effort to expand growth opportunities through providing more affordable connectivity solutions,” said Converge CEO and Co-Founder Dennis Anthony Uy.

“Converge is positioned to maintain this growth momentum as we bolster our penetration into the different segments of the market,” he added. 

The fiber broadband provider has recently expanded its reach to the mass market, offering a prepaid fiber internet product and a low-cost postpaid plan. 

Advertisement. Scroll to continue reading.

Converge introduced its pioneering prepaid product Surf2Sawa (S2S), which has been attracting budget-conscious customers since its launch, evident with the 77 percent growth, or over 25,000 net additions it registered in the second quarter of the year versus the previous quarter.

Its postpaid subscribers sustained its steady growth as the newly-introduced low-cost postpaid plan BIDA Fiber complemented the company’s core product, FiberX, which starts at P1,500 a month with a speed of 200 Mbps. Meanwhile, BIDA Fiber costs P888 per month with a speed of 35 Mbps to connect a maximum of six devices. All three products (FiberX, BIDA, and S2S) offer unlimited data consumption.

Converge ended the first half of the year with 1.97 million residential subscribers, comprising 1.92 million postpaid and over 54,000 prepaid customers. Its net additional subscribers reached more than 92,000 for the January to June period. 

According to internal data, August so far has been the company’s best-performing month in terms of sales, falling into analysts’ expectations that an increase in sales may be seen in the second half of the year.

“We are encouraged by the continued growth of our residential subscriber base in the first half of 2023. This is further proof of the superiority of our broadband product, coupled with our people’s laser-focus on meeting customers’ needs,” said Converge Chief Operations Officer Jesus C. Romero. 

Advertisement. Scroll to continue reading.

Converge operates the biggest fiber-to-the-home (FTTH) network in the country with more than 7.8 million ports nationwide, as of the first half of the year, as well as one of the country’s most extensive cable systems with 670,000-kilometer fiber backbone.

As of the end of June 2023, the fiber broadband provider’s network infrastructure has passed over 16.6 million Filipino homes, equivalent to 62.3 percent of household coverage nationwide.

Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

DV has offered coverage on gaming inventory for years. To further this mission, DV is partnering with Roblox to extend our trusted media quality...

HEADLINES

Taking place on April 26, 2025, at Thames International School Inc., Quezon City, PIXEL Academy is an exclusive learning experience designed to equip aspiring...

HEADLINES

Bringing more than 25 years of experience in enterprise technology, sales leadership, and channel management, Selamat is well-positioned to enhance Sophos’ partner-driven approach and...

HEADLINES

The event is part of Bitget Wallet's PayFi initiative, aiming to connect the traditional financial system with blockchain technology.

HEADLINES

This list, compiled by Global Silicon Valley (GSV), highlights the 150 most transformational growth companies in digital learning and workforce skills shaping the future...

ELECTRONICS

According to Peter Chen, CEO of TCL Philippines, the centerpiece of the celebration was a captivating presentation of TCL’s 2025 lineup, unveiling four game-changing...

HEADLINES

HCPH proudly features the inspiring journeys of three women from its field collections team, whose stories reflect the strength, perseverance, and empowerment that drive...

HEADLINES

This collaboration marks a milestone in enhancing digital payment and remittance solutions in the region.

Advertisement