BIZ BUZZ: Converge right on track

Every day, it seems as though nearly everyone we know is already on the internet. After all, this is where everyone gets their news—and other content, for that matter—these days.

But as Converge ICT Solutions Inc. puts it, not everyone is here just yet.

For the fiber internet service provider led by tycoon Dennis Anthony Uy, there is still room to grow its subscriber count, which was already at 2.5 million as of end-December.

Converge chief strategy officer Benjamin Azada says they’re on track to have 4 million subscribers by 2027, entailing a net increase of 500,000 from 2025 until then.

Last year, Converge grew its subscriber count by 435,406 customers.

“There is still a very huge and untapped market … that’s why we launched our Surf2Sawa prepaid brand for the lower income classes and also BIDA [Fiber] for the lower middle class,” Azada said during a press briefing on Thursday.

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“Both brands are now available nationwide but not yet in every single municipality and province; we still have to work hard,” he added. “As the Philippine economy grows and we have a growing middle class, we’re very confident that we’ll be able to reach 4 million subscribers by 2027.”

With two fiber cable systems on the way (Uy says they’ll be ready by the fourth quarter), maybe Converge’s dream will indeed become a reality. Abangan!