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Business

CONVERGE REACCELERATES RESIDENTIAL SUBSCRIBER ADDITIONS,  RESULTING IN 39.7%% Y.O.Y REVENUE GROWTH FOR 1Q2022, EBITDA OF P4.6Bn (58.8% EBITDA MARGIN) AND P2.0Bn NET INCOME (25.4% NET INCOME MARGIN)

The Philippines’ only pure-play high-speed fixed broadband operator, Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) (“Converge”) ended 1Q2022 with 1,802,202 residential subscribers, a 52.5% increase from March 2021. The Company deployed 643,528 new fiber...

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