Converge Information and Communications Technology Solutions Inc on Thursday said its net income hit P7.4 billion in 2022 while exceeding its target of covering 55 percent of households in t…
Converge Information and Communications Technology Solutions Inc. co-founder and chief executive officer Dennis Anthony Uy interacts with the media during the groundbreaking of its Bifrost Davao cable landing station in Bago Gallera, Davao City last month. The broadband service provider said its net income hit P7.4 billion in 2022 while exceeding its target of covering 55 percent of households in the country. LEAN DAVAL JR.
Consolidated revenues grew 27.3 percent to P33.7 billion last year, the pure fiber provider said in a disclosure to the stock exchange. Converge said it added 32,000 residential subscribers in the fourth quarter, which brought the total count to 1.9 million.Converge said its nationwide network grew to over 14.9 million brought its nationwide household coverage to 56.2 percent, exceeding its target to reached 55 percent by 2023.
“As an internet service provider, Converge remains committed to providing quality fiber internet connectivity, which includes providing world-class customer service. The company’s continued investment in customer service have resulted in significant improving internal customer experience metrics,” it said.
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