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BusinessWorld April 22, 2021 | 12:09 am LISTED fiber internet provider Converge ICT Solutions, Inc. announced on Wednesday that it would invest more than $100 million in a new transpacific cable system aimed at increasing internet speeds and network diversity in the country. “Our investment into one full fiber pair, connecting us to Singapore and the west coast of North America, will allow us to independently activate at will up to 15Tbps (terabits per second) of capacity to either country using the latest technology,” Converge Chief Executive Officer and Co-Founder Dennis Anthony H. Uy said in an e-mailed statement. Converge said it signed a binding term sheet with Keppel Midgard Holdings Pte. Ltd., a wholly owned subsidiary of Singapore’s Keppel Telecommunications & Transportation, to grant the Philippine fiber internet provider an “indefeasible right of use” or IRU for one fiber pair on the main trunk of Bifrost Cable System.

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