Converge ICT Solutions Inc. remains confident in its long-term growth outlook, even as inflation, high energy costs and broader economic pressures continue to pose challenges, the company announced on Monday. During a virtual press briefing, Converge CEO and Co-Founder Dennis Anthony Uy emphasized that strong market demand for connectivity, combined with the completion of the company’s nationwide digital infrastructure, puts the business in a solid position to move forward and serve its subscribers even better.
The company wrapped up building its core digital network, including a nationwide fiber footprint, two international subsea cable systems — Bifrost and SEA-H2X — two domestic data centers, and a full cloud services platform. This expanded infrastructure forms a stronger base to meet rising connectivity needs and unlock new business opportunities across the country and beyond.
For the first nine months of 2026, Converge reported a nearly 4 percent rise in total revenues to P34.2 billion, supported by steady residential subscriptions and fast-growing enterprise sales. Enterprise revenues jumped 22 percent to P6.4 billion over the same period, led by a 29.3 percent increase in the large corporate segment and a 15.4 percent rise among small and medium enterprises. Residential revenues reached P27.9 billion, with the company serving more than 3.1 million subscribers as of end-September. Net income stood at P8.08 billion, a 9 percent decline year-on-year, which management linked to ongoing strategic investments and the higher operating environment, while noting that disciplined cost management helped sustain healthy margins.
Converge COO Benjamin Azada noted the company has already secured major new agreements this year with international carriers, global technology firms, hotels and local government units. The launch of its two subsea cable systems also opens up fresh opportunities in the wholesale market, boosting capacity to meet growing demand. President and Co-Founder Grace Uy said the company’s focus remains on smart investments that deliver lasting value to customers, while CFO Robert Yu confirmed that spending will continue to be targeted toward network expansion, sustainable profitability and supporting the needs of millions of subscribers nationwide.
