{"id":75704,"date":"2026-11-11T12:34:03","date_gmt":"2026-11-11T04:34:03","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=75704"},"modified":"2026-11-11T12:34:05","modified_gmt":"2026-11-11T04:34:05","slug":"converge-revenue-up-4-to-php34-2b-on-enterprise-strength","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2026\/11\/11\/converge-revenue-up-4-to-php34-2b-on-enterprise-strength\/","title":{"rendered":"Converge revenue up 4% to PhP34.2B on enterprise strength"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Fiber broadband provider Converge ICT Solutions Inc. reported an increase in revenues by nearly 4% to PhP34.2-billion in the first nine months of 2026, supported by a surging Enterprise business and a stable Residential segment.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Enterprise segment has become Converge\u2019s main growth engine when its revenues surged 22% to PhP6.4-billion for the same period last year. The Large Corporate and Enterprise subsegment grew 29.3%, while Small and Medium Enterprise (SME) rose by 15.4%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur Enterprise business is driving growth for Converge as we see the impact of our investments in digital infrastructure needed by both large corporate and wholesale operators,\u201d said Converge chief executive officer and co-founder Dennis Anthony Uy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Residential revenues reached PhP27.9-billion, with subscriber base ending at over 3.1-million as of end-September 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company\u2019s net income reached PhP8.1-billion for the nine-month period, down 9% year-on-year as expenses and financing costs rose. Still, Converge posted a net income margin of 23.6% and EBITDA of PhP19.9-billion, for an EBITDA margin of 58.0%, within full-year guidance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Converge president and co-founder Maria Grace Uy, the slight reduction in net income was due to higher depreciation coming from strategic investments for future growth, including their international subsea cable systems and data centers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company also reported an industry-leading return on invested capital (ROIC) of 14.5% during the nine-month period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur industry-leading ROIC reflects our commitment to high capital efficiency,\u201d said Converge chief finance officer Robert Yu. \u201cBy executing targeted, high-impact investments, we are expanding our reach while maintaining healthy margins.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;As of end-September, Converge had spent roughly PhP10-billion in capital expenditures (CAPEX). The company is investing in a national digital infrastructure which includes fiber backbone expansion, subsea cable systems, satellite networks, cable landing system, and scalable data centers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Converge chief operations officer Benjamin Azada said the company secured major wins this year with international carriers, global tech firms, major hotels, and local government units, and pointed to new upside from its own international subsea cables \u2013 Bifrost and SEA-H2X \u2013 now online.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The enterprise segment has become Converge\u2019s main growth engine when its revenues surged 22% to PhP6.4-billion for the same period last year.<\/p>\n","protected":false},"author":4,"featured_media":75705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[7703,96,2727,1656],"class_list":["post-75704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-converge","tag-technology","tag-technology-adaption","tag-technology-investment"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/75704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=75704"}],"version-history":[{"count":1,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/75704\/revisions"}],"predecessor-version":[{"id":75706,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/75704\/revisions\/75706"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/75705"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=75704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=75704"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=75704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}