What is Brief History of Converge Company?

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What is the history of Converge ICT Solutions Inc.?

Converge ICT Solutions Inc. has become a major player in the Philippine telecom sector, transforming internet access with its pure fiber optic network. Founded in 2007, the company aimed to deliver fast, dependable internet nationwide, meeting the increasing need for digital services.

The company's story started with a pioneering fiber link between Angeles City and the Clark Special Economic Zone in 1996, under its former name, ComClark Network and Technology Corporation. This early work paved the way for its current extensive fiber backbone.

Converge ICT's journey began with a compelling hook: building the first fiber link between Angeles City and the Clark Special Economic Zone in 1996 under its original name, ComClark Network and Technology Corporation. This early innovation laid the groundwork for what would become a nationwide fiber backbone spanning over 710,000 kilometers as of early 2025, reaching 495 cities and municipalities across the country. Converge ICT's current market standing, with total revenues of P40.6 billion in 2024 and a projected 14-16% growth in 2025, stands in stark contrast to its more humble origins. The company's commitment to this vision has propelled it to a leading market position, particularly in the fiber-to-the-home segment, where it held 54% of the market share as of June 2023. Explore the Converge BCG Matrix to understand its product portfolio.

The story of Converge ICT Solutions Inc. begins with a vision for better internet in the Philippines. Formally established on October 17, 2007, it emerged as a subsidiary of ComClark Network and Technology Corporation, which itself started in 1996.

The Genesis of Converge ICT

Converge ICT Solutions Inc. was formally established on October 17, 2007, as a subsidiary of ComClark Network and Technology Corporation. The company's roots trace back to 1996 when Dennis Anthony Uy founded ComClark in Angeles City, Pampanga, focusing initially on internet services and establishing the first fiber link between Angeles City and the Clark Special Economic Zone.

• Founded by Dennis Anthony Uy and Maria Grace Y. Uy.
• Initial focus on addressing the underserved Philippine internet market.
• Business model centered on building a pure end-to-end fiber optic network.
• The name 'Converge ICT Solutions Inc.' signifies its aim for integrated technology solutions.

Dennis Anthony Uy's early exposure to technology, from working in his uncle's supermarket to selling electronics, fueled his entrepreneurial drive. Recognizing the technological shifts in the 1990s, he ventured into telecommunications, identifying a critical need for high-speed, reliable internet connectivity across the Philippines. This foundational understanding of market gaps and technological evolution shaped the company's initial direction.

The company experienced a period of dormancy as it pursued the necessary licenses to operate nationwide. A significant milestone in the Converge company history occurred in 2009 when the Congress of the Philippines, through Republic Act No. 9707, granted Converge ICT Solutions Inc. a franchise. This authorization was crucial, allowing the company to construct, install, establish, operate, and maintain a telecommunication system throughout the Philippines, paving the way for its future expansion and service development.

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The Converge company history, officially established in 2007, saw significant early growth and expansion, building upon its foundation as ComClark. The company's strategic focus on a pure end-to-end fiber internet network set it apart in the Philippine market, driving its evolution.

Early Network Expansion

Before its formal establishment, the company expanded its services and reach into adjacent provinces like Bulacan, Bataan, and Zambales between 1997 and 2006. This early groundwork laid the foundation for its future nationwide network.

Fiber Optic Network Rollout

A major milestone in the Converge company timeline of growth was the commencement of its own fiber optic cable network rollout in 2016. This initiative rapidly established one of the most extensive fiber networks in the Philippines.

Subscriber and Revenue Growth

By the close of 2024, the company reported 2,563,458 residential subscribers, contributing to consolidated revenues of P40.6 billion, a nearly 15% year-on-year increase. Residential revenues reached P34.4 billion, while enterprise revenues saw a significant surge of 21.9%.

Public Offering and Network Reach

The company's IPO in 2020 provided substantial capital for expansion, enabling its fiber backbone to reach over 710,000 kilometers by early 2025, covering 495 cities and municipalities. This expansion is supported by a P20-25 billion capital expenditure budget for 2025, including investments in subsea cable systems and data centers.

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The Converge company history is marked by significant milestones and continuous innovation in the Philippine telecommunications sector. From its inception as an IT solutions provider, it has rapidly evolved into a leading fiber internet provider, demonstrating a strong commitment to expanding its network and enhancing customer experience. The company's journey reflects a strategic approach to growth and a dedication to technological advancement, positioning it as a key player in the nation's digital transformation.

Innovation is a cornerstone of the company's strategy, with the launch of the country's first prepaid broadband service, Surf2Sawa, and its most affordable postpaid offering, BIDA Fiber, in 2023. These services saw substantial subscriber growth of approximately 150% in 2024, highlighting their market appeal.

Surf2Sawa and BIDA Fiber Launch

In 2023, the company launched Surf2Sawa, the nation's first prepaid broadband service, and BIDA Fiber, its most budget-friendly postpaid option. These innovative offerings experienced remarkable growth in 2024, with subscriber bases for both services expanding by around 150%.

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In October 2024, a partnership with Netflix was established to introduce integrated internet and subscription bundles. These bundles also feature enhancements like Boost Mode and Wi-Fi 6 capabilities, offering added value to subscribers.

Boost Mode Technology

Launched in November 2024, Boost Mode provides an additional speed enhancement of 100 Mbps for existing FiberX plans. This feature directly addresses the demand for higher internet speeds and improved performance.

Fiber-to-the-Room (FTTR) Deployment

In February 2025, the company deployed Fiber-to-the-Room (FTTR) technology at St. Luke's Medical Center. This advanced solution is designed to facilitate a smart patient experience within the healthcare facility.

AI-Enabled Network Enhancement

A strategic collaboration with Ribbon Communications Inc. in March 2025 aims to upgrade the nationwide fiber network. This upgrade incorporates AI-enabled data transmission technology, significantly boosting network capacity to 1.2 terabits per second.

HPE Philippines Service Provider of the Year

In July 2025, Converge Global Business received the Hewlett Packard Enterprise (HPE) Philippines Service Provider of the Year award for fiscal year 2024. This recognition underscores the company's commitment to driving digital transformation for large enterprise clients.

Despite its successes, the company faces challenges in managing its rapid expansion and optimizing its extensive fiber network utilization. As of March 2025, the fiber port utilization rate stood at 34.4%, indicating a significant number of available ports that need increased subscriber uptake. The company is exploring strategic options, such as spinning off its fiber backbone, to enhance network co-sharing and unlock potential value, possibly up to $1 billion.

Network Utilization and Expansion

A key challenge is maximizing the utilization of its vast fiber network, with a reported 34.4% utilization rate as of March 2025. The company is considering spinning off its fiber backbone to facilitate network co-sharing and improve efficiency.

Capital Expenditure and Funding

Continued rapid growth necessitates substantial investment, with a CAPEX budget of P20-25 billion allocated for 2025. This funding is crucial for ongoing infrastructure development, including subsea cables and data centers, reflecting the capital-intensive nature of the industry.

Financial Performance Amidst Growth

The company has demonstrated resilience through strong financial performance, with net income growing by nearly 19% year-on-year to P10.8 billion in 2024. Consolidated revenues also saw an increase of almost 15%, reaching P40.6 billion, showcasing its ability to grow profitably.

Market Share Consolidation

While achieving a significant market share in the fiber to the home segment, the company continues to focus on expanding its subscriber base. This effort is vital for fully capitalizing on its extensive network infrastructure and achieving economies of scale.

Technological Integration

Integrating advanced technologies like AI-enabled data transmission and FTTR presents both opportunities and challenges. Ensuring seamless deployment and customer adoption of these new solutions is critical for maintaining a competitive edge.

Competitive Landscape

Operating in a dynamic and competitive market requires continuous innovation and strategic partnerships. The company's ability to adapt to evolving market demands and maintain its Growth Strategy of Converge is paramount to its sustained success.

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The Converge company history is a story of rapid expansion and technological advancement in the Philippine telecommunications landscape. From its humble beginnings, the company has consistently focused on building out its fiber optic network, a strategy that has fueled its impressive growth and solidified its position in the market. This journey, detailed in the Brief History of Converge, showcases a commitment to innovation and customer service.

Continued Network Expansion

Converge has allocated a CAPEX budget of P20-25 billion for 2025. This significant investment is primarily directed towards subsea cable systems and new data centers.

Enhanced Capacity and Services

The activation of new data centers and international cable systems in 2025 is set to boost the company's capacity. This will support both residential and enterprise clients, driving innovation in digital solutions.

Technological Advancement and Subscriber Growth

The company is focusing on a 'techno' direction, integrating AI, IoT, and cloud technologies. The goal is to reach 4 million subscribers by 2027, with a focus on expanding into underserved areas.

Positive Financial Outlook

Analyst predictions and leadership statements indicate a strong financial outlook for Converge. The company anticipates continued robust financial performance and ambitious expansion plans.

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