Converge ICT Solutions Inc. (Converge) announced a significant milestone, having surpassed the 2 million mark in residential subscribers last month. This achievement was coupled with an upswing in the prepaid segment and steady growth in the postpaid sector.
CEO and co-founder Dennis Anthony Uy attributed this success to their strategic efforts in providing more accessible connectivity solutions, aligning with their goal of expanding growth opportunities.
Converge made a strategic move into the mass market by introducing Surf2Sawa (S2S), a prepaid fiber internet product, and BIDA Fiber, a low-cost postpaid plan. These offerings played a vital role in their recent surge in subscribers.
In June, Converge joined the low-cost market with Surf2Sawa. For ₱50 a day, ₱200 for seven days, ₱380 for 15 days, and ₱700 for 30 days, users could get up to 25 Mbps of unlimited internet.
As of the first half of the year, Converge had a total of 1.97 million residential subscribers, comprising 1.92 million postpaid and over 54,000 prepaid customers. During the January to June period, they witnessed a notable increase of more than 92,000 net additional subscribers.
Converge proudly boasts the country’s most extensive fiber-to-the-home (FTTH) network, encompassing over 7.8 million ports nationwide.
Additionally, they operate one of the nation’s most comprehensive cable systems, boasting a fiber backbone stretching 670,000 kilometers.
Financially, Converge exhibited substantial growth, reporting a revenue of PHP4.3 billion in the first half of the year, representing an 8.5 percent year-on-year increase, a testament to the growth of their customer base.
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