- Converge achieved 13.2% revenue growth in 1Q 2025 and is targeting 14–16% for the full year.
- The company leads with a nationwide 710,000 km pure-fiber network, winning Ookla’s “Fastest Fixed Network” award in late 2024.
Converge ICT Solutions, Inc.: Trailblazing Pure-Fiber growth
Founded in 2007 as a subsidiary of ComClark and later winning its franchise under Republic Act No. 9707 in 2009, Converge ICT Solutions, Inc. has grown to become the Philippines’ dominant Pure-Fiber broadband provider. Operating more than 710,000 km of fibre optic infrastructure across Luzon, Visayas and Mindanao, the company earned accolades in Q3–Q4 2024 with the fastest Speed Score™ of 144.81 on Ookla’s Speedtest platform.
Delivery of both symmetrical download and upload speeds means seamless streaming, gaming and remote work — a key differentiator in a market still serviced primarily by hybrid or copper-based networks.
Converge ICT Solutions, Inc.: Financial performance and strategic expansion
Converge closed 2024 with revenues of approximately $725 million, and net income of about $193 million. In Q1 2025, revenue hit around $193 million , with net income up 18.3% to about $54 million. CFO Robert Yu forecasts 14–16% revenue growth for 2025, maintaining EBITDA margins between 61–62%.
Key growth initiatives include expanding its prepaid fibre service Surf2Sawa and affordable post-paid BIDA Fibre, both growing subscriber bases by roughly 150% in 2024. In the enterprise space, services like Content+ are gaining traction, especially in hospitality and SME sectors.
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Industry Context: Challenges and innovation
The Philippine broadband market, long dominated by incumbents PLDT and Globe, has faced structural challenges: uneven coverage in rural areas, legacy infrastructure constraints, and rising demand for enterprisegrade digital services. Pure Fiber deployment, while costly, offers future-proof reliability — and Converge leads this shift.
Globally, broadband providers are accelerating investments in subsea cables, edge computing and IoT services. Converge’s recent moves—including its Bifrost and SEA-H2X cable projects and data-centre investments—align with regional trends towards higher-capacity, low-latency networks. Moreover, its implementation of analytics platforms like Tableau and Salesforce reflects a rising focus on data-driven customer experience.
Converge adheres to rigorous corporate-governance frameworks, including board risk, audit and ethics policies outlined in their Integrated Annual Corporate Governance Reports. The company was also a finalist in 2025’s National Privacy Commission’s “Privacy Initiative of the Year” awards, credited for its Project PIGLET programme.
