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FIBER INTERNET. Dennis Anthony Uy (right) in this Oct. 5, 2019 photo talking with the late Cebu City Mayor Edgardo Labella (left) at that time the businessman introduced Converge ICT's fastest fiber internet in Cebu province. The company more than doubled its net income amid its aggressive penetration into Visayas and Mindanao homes. (PNA file photo by John Rey Saavedra) CEBU CITY - Fiber internet provider Converge ICT Solutions has more than doubled its net income in 2021, driven by its aggressive penetration into Visayas and Mindanao homes. In a financial briefing with the media, the company said its net income reached PHP7.2 billion in 2021 from PHP3.4 billion the previous year, while consolidated revenues surged from PHP15.7 billion to PHP26.5 billion. Dennis Anthony Uy, Converge ICT chief executive officer and founder, said the company's entry into Visayas and Mindanao has contributed to its aggressive port rollout, along with the continued turn-in of subscribers in Luzon,

Philippines generalPhilippine rating serviceStable outlookFiber internet dennis anthony uy right in this oct 5019 photo talking with the late cebu city mayor edgardo labella left at that time businessman introduced converge ict 39s fastest fiber internet in province company more than doubled its net income amid aggressive penetration into visayas and mindanao homes pna file by john rey saavedra provider solutions has 2021Riven by its aggressive penetration into visayas and mindanao homes ina financial briefing with the mediaHe company said its net income reached php7 2 billion in 2021 from php3 4 the previous yearHile consolidated revenues surged from php15 7 billion to php26 5 dennis anthony uyOnverge ict chief executive officer and founderAid the company 39s entry into visayas and mindanao has contributed to its aggressive port rolloutLong with the continued turn in of subscribers luzonHile existing markets pushed up residential business revenues by 83 2 percent quot our network has now passed 10 9 million homes and we 39 re covering around 42 5 of philippine households confident meeting accelerated goal reaching 55 all 2023Uot uy said maria graceOmpany president and co founderAid the rollout of over 650000 ports in the fourth quarter brought its total port deployment to 2 4 million 2021