Milestone of 2 MILLION Subscribers Celebrated
Converge revenues increased 7% YoY (year on year) to P26.25 billion at the end of Q3 2023, as new subscribers reached their highest level in eight quarters. Converge ICT Solutions Inc. (PSE:CNVRG), a leading fiber broadband and technology solutions provider, reported a 7% increase in consolidated revenues to P26.25 billion at the end of September 2023 compared to the same period last year, owing to a robust expansion in its residential customer base, which surpassed the two-million mark to 2,048,286. Gross additional subscribers for the third quarter of the year exceeded 225,000, representing an 82% increase over the same period last year and a 34% increase over the previous quarter. This is the most residential subscribers added in a quarter in the last eight quarters. Dennis Anthony Uy Converge CEO and Co-Founder “We’ve seen an uptick in the take up of our flagship FiberX brand with about 166,000 gross adds during the third quarter, the highest since Q1 2022, while newly introduced...