Leading fiber broadband and technology provider Converge ICT Solutions Inc. (PSE: CNVRG) registered double-digit growth in the first half of 2025, with its consolidated revenues climbing 11.6 percent to PHP21.8 billion and net income surging 12.4 percent to PHP5.9 billion year-on-year, bolstered by the continuous demand for its residential and enterprise products.
The company’s residential revenues reached PHP18.4 billion, a 10.4 percent increase compared to the previous year. Simultaneously, enterprise revenues saw a remarkable 18.3 percent year-on-year growth, totaling PHP3.4 billion in the first half.
“As Converge pushes ahead with its aspiration to become a forward-looking technology company, we’ve made strides towards further building our digital infrastructure, elevating our product offerings, and strengthening our leadership bench. We hope to enrich the lives of every Filipino through our digital innovations,” noted Converge CEO and Co-Founder Dennis Anthony Uy.
In the first six months, consolidated residential fiber net additions exceeded 260,000, bringing its total number of subscribers to 2.8 million.
In line with its growth, Converge recently unveiled a refreshed corporate identity to mark a pivotal transition from a traditional telecommunications provider to a trailblazing technology company. This new identity encapsulates the company’s ambition to be a powerhouse in the technology landscape.
Supporting this new direction, Converge has further enhanced its capabilities to address evolving customer needs. A significant achievement in this regard is the full certification of its Caloocan Data Center as a Tier III facility under the New York-based Uptime Institute, making it the first and only data center in the Philippines to receive such accreditation from the global digital infrastructure authority.
Moreover, Converge has made significant strides in global connectivity with the recent landing of the trans-Pacific Bifrost Cable System in Davao. With this infrastructure, Converge is now well-positioned to cater to wholesale customers, providing them with speed, resilience, and capacity for global communications.
Empowered by these new capabilities, Converge is poised to elevate its service portfolio with advanced connectivity solutions and premium value-added services. Foremost among these is the Super FiberX which bundles the broadband connection with the Xperience Hub, an Android box that Converge has retooled to enable more functionality.
Along with this growth and innovation, Converge recently announced key leadership changes to fuel its move into the technology domain. Converge elected Mr. Park Weongi, a former CEO of NAVER Cloud, to its Board of Directors to help steer Converge through its next phase of growth.
His election to the Board seeks to support the company’s intent to provide a broader suite of technology solutions, including enterprise cloud, AI-enabled services, and digital platforms.
Likewise, its former Chief Commercial Officer and Chief Sustainability Officer Benjamin Rex Emilio B. Azada was appointed as the new Chief Operations Officer; its Corporate Compliance & Data Protection Officer Atty. Laurice Esteban-Tuason is now also serving as the Corporate Sustainability Officer, while Deputy Chief Finance Officer Christine Renee Blabagno has also been named Chief Risk Officer, focused on strengthening strategic risk management.
Alongside these developments, Converge recently received two prestigious accolades at the ASEAN Corporate Governance Awards 2025 in Kuala Lumpur, marking it as one of the Top 5 publicly listed companies (PLCs) in the Philippines and a place among the Top 50 PLCs in ASEAN.
Demonstrating its leadership in the industry, Converge also swept all four major categories at the Ookla Speedtest Awards – Fastest Fixed Network, Best Video Experience, Top Internet Provider in Gaming, and Best Fixed Network – further affirming its position as the leader in fiber internet connectivity in the country.
