Uot Uy Said Maria Grace News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 General , Philippine Rating Service , Stable Outlook , Fiber Internet Dennis Anthony Uy Right In This Oct 5 , 019 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 2021 , Riven By Its Aggressive Penetration Into Visayas And Mindanao Homes Ina Financial Briefing With The Media , He Company Said Its Net Income Reached Php7 2 Billion In 2021 From Php3 4 The Previous Year , Hile Consolidated Revenues Surged From Php15 7 Billion To Php26 5 Dennis Anthony Uy , Onverge Ict Chief Executive Officer And Founder , Aid The Company 39s Entry Into Visayas And Mindanao Has Contributed To Its Aggressive Port Rollout , Long With The Continued Turn In Of Subscribers Luzon , Hile 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 2023 , Uot Uy Said Maria Grace , Ompany President And Co Founder , Aid The Rollout Of Over 650 , 000 Ports In The Fourth Quarter Brought Its Total Port Deployment To 2 4 Million 2021 , Ringing Its Total Residential Subscriber Count To 1 7 Million By Year End Quot We Sustained Our Industry Leading Trifecta With Another Record Financial Performance In 2021 , Uot She Said , Eferring To The Company 39s 69 2 Percent Year On Revenue Growth And 20 9 Return Invested Capital Roic Higher Than Average Of Broadband Players In Asia Pacific Region Uy Said Also Maintained Its Strong Credit Profile As Reflected Philippine Rating Service Prs Aaa With Stable Outlook Given By Philratings For Upcoming Maiden Bond Issue Proceeds Will Be Used Partly Fund Outlay Requirements This Converge Ict Announced During Briefing It Has Earmarked Expenditures Php26 Billion Php28 , Ith Bulk Allotted To Fund The Expansion Of Its Access Network Nationwide And Further Extension Fiber Backbone It Spent Php25 Billion For Capital Expenditure Capex Last Year , Ith Fiber Backbone Reaching 103 , 000 Kilometers Passing Through 495 Cities And Municipalities Across The Country Pna ,