With the completion of the digital highway, Converge is getting closer to its dream of bringing internet access to every Filipino home.
“Given the shift of every activity to the online space, access to the internet should no longer be a privilege but should be a right of every Filipino. The social and economic benefits that connectivity [particularly broadband] unlocks have to reach those at the margins [of society],” Uy said.
He added that Converge’s fiber-fast broadband services would also support the recovery of micro, small and medium enterprises in the Visayas and Mindanao. Converge gave the assurance that its “highway capacity,” or data transmission capability, was the most advanced in the industry. The company’s state-of-the-art infrastructure and data carrying capacity would enable it to meet the needs of any sector—from MSMEs in need of a stable connection, to an entire government department handling massive amounts of national data.
Uy said the completed network redundancy ring in Mindanao would significantly reduce the chances of service outages as there would be an alternative network route in place. With increased scale and cost management initiatives, Converge once again achieved a record Ebitda of P10.37 billion in January-September 2021, representing an increase of 86 percent from the same period in 2020. As a result, Converge was able to improve its record consolidated Ebitda margin to 55.1 percent during the nine-month period, higher than the 52.2 percent a year ago.
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