Converge racks up local, international accolades for rapid growth

By: Converge Admin | 14 Apr 2021

MANILA, Philippines, 12 April 2021 – Converge ICT Solutions Inc., the country’s only pure fiber broadband provider, has harvested several awards from various local and international institutions for its rampant growth in recent years amid its brisk expansion to reach unserved and underserved markets.

This further accelerated last year to serve more customers who are in need of high- speed internet connection for their work from home, online classrooms, or entertainment needs amid community quarantines aimed at stopping the spread of COVID-19.

At the end of 2020, Converge has more than doubled its domestic fiber network compared to the previous year and strengthened its customer service teams, tripling customer service personnel and more than doubling its installation teams while adding over 400 service vehicles.

For its continuous commitment to improve Filipinos’ connectivity, Converge earned recognition as the "Fastest Growing Fiber Internet Service Provider" in the 2020 International Finance Awards for the second year running.

More recently, Converge was recognized as a regional and national ‘Growth Champion’ by consumer data firm Statista, together with international publications Financial Times and Nikkei Asia, and the Philippine Daily Inquirer. The survey which covered 2016 to 2019 revenue growth reported Converge as the third fastest- growing company in the country. This landed Converge on the 135 th spot in Statista’s annual ‘500 High Growth Companies’ list in the whole of Asia.

The Nordic Chamber of Commerce of the Philippines also lauded Converge at the 2021 Nordic Sustainability Awards last March. Converge was named the chamber’s Growth Business Partner of the Year, owing to the company’s momentous revenue and employment growth.

Converge reported earlier that it has more than doubled its fiber network in 2020, laying down more than 28,300 kilometers of fiber optic cables or an expansion of 107% from 26,600 km from 2019. Its domestic network expansion reached over 6.1 million homes, covering 25% of all households in the country. This puts the company on track to meeting its target of reaching 55% of all households in the country by 2025.

Converge has also doubled its subscriber base from 2019 and breached the 1-million mark by end-2020, pushing its revenues to grow by 71% year-on-year.

Dennis Anthony Uy, Converge CEO and Co-founder (2 nd from left) receives the Nordic Chamber of Commerce award for Growth Business Partner of the Year. The award is given by Nordcham Executive Director Jesper Svenningsen (3 rd from Left) and Membership and Events head Mary Rose Yu (Leftmost). Mr. Uy is joined by Benjamin Azada, Converge Chief Strategy Officer (rightmost) during the handover ceremony.

The Nordic Sustainability Awards recognizes companies who conduct their business guided by both the Sustainability Development Goals and Nordic values.

Converge ICT Solutions Inc., the country’s only pure fiber broadband provider, has harvested several awards from various local and international institutions for its rampant growth.

Converge earned recognition as the “Fastest Growing Fiber Internet Service Provider” in the 2020 International Finance Awards for the second year running. More recently, Converge was also recognized as a regional and national ‘Growth Champion’ by consumer data firm Statista. The Nordic Chamber of Commerce of the Philippines lauded Converge at the 2021 Nordic Sustainability Awards as the chamber’s Growth Business Partner of the Year.

TAGS: Converge ICT, ConvergeXperience, GROWTH,

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