Converge expects Bicol subscriber base to grow by nearly 80%

Converge expects Bicol subscriber base to grow by nearly 80%

CONVERGE ICT Solutions, Inc. on Tuesday said its subscriber base in the Bicol region is expected to grow by nearly 80% this year, with its pure fiber optic network covering almost half of the region’s population.

The listed fiber broadband provider said it had landed its pure fiber domestic subsea backbone in three points in Bicol.

“These are key landing points in Southern Luzon, which complete the redundancy loop that starts in San Juan, Batangas and passes through Roxas – Mindoro, Boracay, Roxas – Iloilo and ends in Milagros, Masbate,” the company said in an e-mailed statement.

“These loops provide an alternate route for internet traffic to go through in the case of an outage or failure, caused by a natural disaster, on the primary route of the subsea cables,” it added.

Converge also said this development marks its entry into the Masbate province.

“We are the only player in this southern Luzon region with a pure, end-to-end fiber network, and we are aggressively expanding as we continue laying down our domestic fiber backbone interconnecting the Philippine islands and fortifying our entire network,” said Dennis Anthony H. Uy, chief executive officer and co-founder of Converge.

“The solid increase in our customer base in Region V is hinged on our entry into Masbate, and our deeper presence in the provinces of Albay, Camarines Norte, Camarines Sur, and Sorsogon,” he added.

Converge ICT shares closed 0.47% lower at P31.95 apiece on Tuesday. — Arjay L. Balinbin