Converge Information & Communications Technology Solutions Inc
PPSE:CNVRG9.55
PHP
-0.03
(-0.31%)
ISIN
PHY1757W1054
CUSIP
Y1757W105
Return %
Stock
S&P 500
1Y
-24.45
14.20
3Y
3.24
81.12
5Y
-69.09
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Dennis Anthony H. Uy
- Full Time Employees
- 3,847
- Sector
- Communications
- Industry
- Major telecommunications
- Address
- Angeles City Philippines
- IPO Date
- Oct 26, 2020
- Website
- convergeict.com
- Similar Companies
- Business
- Converge Information & Communications Technology Solutions, Inc. is a telecommunications and digital connectivity service provider that operates an extensive, pure end-to-end fiber-optic broadband network across the Philippines. The company delivers fixed broadband, digital infrastructure, and value-added information and communications technology solutions through two primary operating segments: Residential and Enterprise. Its Residential portfolio comprises high-speed fiber-to-the-home broadband services marketed under the Converge FiberX brand; prepaid and entry-level fiber internet solutions under the Surf2Sawa and BidaFiber brands; internet protocol television services under Converge Vision; and cable television and broadband services under the Air Cable and Air Internet brands. Its Enterprise portfolio comprises dedicated internet access; domestic and international private leased lines; Metro Ethernet and dark fiber leasing; time-customized broadband packages for small and medium-sized enterprises under the FlexiBIZ Daytime and FlexiBIZ Peak suites; cloud infrastructure and Everything-as-a-Service solutions; managed cybersecurity, inter-cloud connectivity, and enterprise network management; business productivity software and digital tools under the Converge Workplace suite, including SweldoMo automated payroll systems and industry-specific hospitality platforms; and carrier-neutral colocation and interconnection services supported by its enterprise data center facilities. The company serves retail consumers, small and medium enterprises, large corporate entities, international hyperscalers, wholesale telecommunications carriers, and public sector institutions throughout Luzon, Visayas, and Mindanao. Founded in 2007 by Dennis Anthony H. Uy and Maria Grace Y. Uy, tracing its lineage to ComClark Network and Technology Corporation, the company is headquartered in Angeles City, Pampanga, with executive corporate offices in Pasig City, Metro Manila, Philippines. In recent developments, Converge ICT has expanded its international bandwidth capacity and transmission infrastructure through the commercial activation of the Southeast Asia-Hainan-Hong Kong Express submarine cable system and the integration of the trans-Pacific Bifrost Cable System via the Davao International Cable Landing Station; upgraded its nationwide optical transport backbone to 1.2 Tbps data transmission capacity utilizing artificial intelligence-driven network technology in partnership with Ribbon Communications; executed a comprehensive bilateral fiber-optic network and infrastructure sharing agreement with DITO Telecommunity; expanded its hyperscale data center footprint in Caloocan and Pampanga; and launched digital transformation initiatives and enterprise cloud software solutions across regional commercial hubs and academic institutions.