Converge ICT Solutions Inc. is setting its sights on expanding its fiber network to 11 million ports by 2027 as it aims to grow its subscriber base, particularly in remote areas.
CEO and Co-founder, Dennis Anthony Uy, announced the company's plans to install additional fiber lines in third- and fourth-class municipalities over the next two years. Converge intends to address the lack of broadband access in the underserved areas of Visayas and Mindanao, targeting four million subscribers by 2027.
To reach this goal, Uy said Converge will deploy at least two million new ports across the country by 2027. Currently, its fiber network has 8.96 million lines, with 2.56 million utilized by residential and enterprise clients.
Through 2025, Converge is increasing its capital expenditure (CapEx) from PHP 20 billion (USD 348.68 million) to PHP 25 billion (USD 435.85 million), allocating PHP 12 billion (USD 209.21 million) to network infrastructure expansion. The firm will also invest PHP 7 billion (USD 122.04 million) to complete two subsea cables and PHP 5 billion (USD 87.17 million) to construct two data centers.
The Bifrost Cable System and the South-East Asia-Hainan-Hong Kong Express Cable System are expected to go live this year, enhancing Converge's data transfer capabilities. Additionally, the company is launching new data centers in Caloocan City and Pampanga to meet its growing data storage needs.
Converge’s Chief Commercial Officer, Benjamin Azada, expressed confidence in achieving the four million subscriber target, citing the strength of its service portfolio and expanding coverage.
On the financial front, Chief Financial Officer, Robert Yu, said Converge is exploring strategic partnerships such as an asset-sharing agreement with Sky Cable Corp. to maximize fiber utilization. While the company is considering a return to the bond market if interest rates fall, Yu emphasized that Converge remains well-funded through its revenue.
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