Converge Information and Communications Technology Solutions Inc. is dialing up investment in its fiber network this year, signaling that the Philippine broadband race is far from over.
The listed telco expects capital expenditures of between P18 billion and P23 billion in 2026, slightly higher than the P17.7 billion it spent in 2025. The increase reflects carryover projects from last year’s rollout plan and a push to deploy more network ports as demand for high-speed connectivity continues to climb.
For the country’s only pure fixed broadband operator on the Philippine Stock Exchange, the spending is about staying ahead of capacity constraints.
The company said the additional investment will expand coverage, strengthen network resilience, and add headroom to support future subscriber growth.
The numbers suggest plenty of room to grow. Converge ended 2025 with port utilization of just 37.4 percent. In broadband infrastructure terms, that is well below the typical efficiency sweet spot of 70 to 85 percent, where networks maximize capacity without risking congestion.
Utilization above 90 percent usually signals bottlenecks, while anything below 50 percent points to unused potential.
In other words, Converge has built a lot of runway.
Financial guidance for 2026 reflects a more tempered operating environment. The company expects revenue growth of 8 to 10 percent, slightly slower than last year’s 10.2 percent expansion. EBITDA margins are projected to ease to 58 to 59 percent from 60.4 percent, while return on invested capital may settle between 15.5 and 16.5 percent from 17.7 percent previously.
Debt levels remain manageable. Total exposure stands at about P24.1 billion, entirely peso denominated, with repayments peaking in 2027 when P10 billion in five-year bonds mature.
For Converge, the strategy is clear. Build capacity now, monetize later.
