CONVERGE ICT Solutions has signed a partnership deal with the American global network infrastructure provider, CommScope, Inc., to build an internet backbone that will connect unserved and underserved communities in the Philippines.
“Converge ICT will expand network coverage in rural and urban areas. CommScope is working closely with Converge ICT and will support this evolution, contributing to its network design, deployment, and project management expertise,” CommScope said in a statement on Tuesday.
The company also said its plug-and-play fiber products address the shortage of skilled workforce as it reduces installation time by “eliminating fiber splicing requirements to increase the speed of deployment.”
Converge ICT, according to CommScope, will likewise tap into its optical distribution network innovation “to address the constantly changing needs of the fiber-to-the-home network.”
“The unprecedented demand for connectivity has moved to the top of the agenda when it comes to growing the Philippines’ economy,” Dennis Anthony H. Uy, founder and CEO of Converge ICT, said in the statement.
“Converge ICT’s ambition is to provide super-fast reliable connections while overcoming the disparities in fiber rollouts that have excluded the benefits of the internet from some of our nation’s communities,” he added.
The company announced last week its consolidated revenues for the third quarter grew 71% to P4.19 million because of the continued increase in residential average revenue per user.
It noted the steady growth is a result of its increasing fiber-to-the-home subscribers as well as the growing number of customers who subscribe to its premium packages.
Converge ICT said it now has 900,531 residential subscribers, a significant increase from the 454,438 residential subscribers it had in September last year.
Shares in Converge ICT on Tuesday closed 1.62% lower at P14.54 apiece. — Arjay L. Balinbin
