Companies
Converge: Powering the Philippines with Pure-Fiber connectivity
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 …
Headline
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.…
Context
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.
Evidence
Pending intelligence enrichment.
Analysis
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. Also read: Taiwan puts Huawei and SMIC on export control list Also read: Trump reports $57M crypto windfall from World Liberty Financial 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.
Key Points
- 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.
Actions
Pending intelligence enrichment.
