Converge ICT acquires 2 PLDT cable landing stations in Philippines (2024)

Fiber broadband provider Converge ICT Solutions Inc is acquiring the stake of PLDT unit Digital Telecommunications Philippines (Digitel) in two firms involved in cable landing stations in the Philippines.

The telecommunication service provider said that has acquired shares of Digital Telecommunications Phils. Inc. (DTPI) in Digitel Crossing Inc. (DCI) and Asia Netcom Philippines Corp. (ANPC) for a total of $7.5 million (P358.47 million) to gain “strategic imperative to expand its capabilities in telecommunications.”

According to the report, Converge the transaction has been completed as of Wednesday, June 2. This means that the fiber provider now owns a 60% controlling stake in ANPC and a 40% stake in DCI. ANPC has a 20% share in DCI.

Digitel, whose other major shareholder is Pacnet Network (Philippines) Inc. of Australian telecom giant Telstra, maintains and operates cable landing stations in the Philippines connected to the EAC and C2C cable systems. Together the two submarine cable systems have eight landing points in Singapore, Hong Kong, China, Taiwan, South Korea, Japan, and the Philippines, spanning 19,800 kilometers with a design capacity of 2.56Tbps.

International cable systems are the unseen backbone of internet services used by billions of people around the world and make landfall in facilities called landing stations.

The deal was also expected to bring cost benefits for Converge, which is increasing its presence in the international cable segment amid an aggressive expansion program, it said. Converge aims to cover 55% of Filipino households by 2025.

MORE ARTICLES YOU MAY BE INTERESTED IN...


Converge ICT acquires 2 PLDT cable landing stations in Philippines (2024)

FAQs

Converge ICT acquires 2 PLDT cable landing stations in Philippines? ›

Fiber broadband provider Converge ICT Solutions Inc is acquiring the stake of PLDT unit Digital Telecommunications Philippines (Digitel) in two firms involved in cable landing stations in the Philippines. The telecommunication service provider said that has acquired shares of Digital Telecommunications Phils.

Is Converge owned by PLDT? ›

PLDT-Philcom, Inc. ePLDT, Inc. IP Converge Data Services, Inc.

Who owns Converge in the Philippines? ›

Dennis Anthony H.

Uy is the founder and CEO of Converge ICT Solutions, Inc. in the Philippines.

Which is better PLDT or Converge? ›

In its report, users of the Speedtest website—a network analytics website and app operated by United States-based internet analytics company Ookla—gave Converge a rating of 3.5, followed by Globe at 3.4, PLDT at 3.0, and SKY at 2.8.

Who is the owner of Converge WIFI? ›

Dennis Anthony H.

Co-founded Converge with Ms. Maria Grace Y. Uy in 2007 and currently serves as our CEO and Executive Director.

What is more faster PLDT or Converge? ›

If you want to go for a full 400 Mbps, you can go with Converge's Plan 2000, which is still better than Globe's Plan 2099 at 300 Mbps and PLDT's Plan 2099 at 200 Mbps. Globe's Plan 2499 is still the most affordable 500 Mbps plan. However, just add PHP 1 and you can get Converge's Plan 2500 with 600 Mbps.

Is Converge using fiber optic cable? ›

Based on the end-November NTC report of Converge, the Company has extended its fiber footprint to more than 613,000 kilometers, consisting of subsea, aerial, and terrestrial fiber optic cable network, all over the country.

Is Converge a good company? ›

Converge ICT Solutions has an overall rating of 3.5 out of 5, based on over 103 reviews left anonymously by employees.

What is the main company of Converge? ›

Converge ICT Solutions Inc., commonly referred to as Converge (also known as ComClark in Pampanga), is a telecommunication service provider in the Philippines.
...
Converge ICT.
TypePublic
FounderDennis Anthony H. Uy Grace Y. Uy
HeadquartersReliance IT Building, 99 E. Rodriguez Jr. Ave, Ugong, Pasig, Metro Manila , Philippines
12 more rows

What nationality is the owner of Converge? ›

Dennis Anthony H. Uy is a Filipino businessman who is known for being the founder of Converge ICT.

What is the fastest internet in the Philippines 2023? ›

Speedtest Intelligence® reveals that among top mobile operators in Philippines in Q1 2023, Smart delivered the fastest median download speed at 33.39 Mbps.

Is Converge the fastest internet in the Philippines? ›

ABOUT CONVERGE ICT SOLUTIONS, INC.

(PSE:CNVRG) is the fastest-growing fixed broadband service provider in the Philippines. It is the first to run an end-to-end pure fiber internet network in the country, providing Filipinos simple, fast, and reliable connectivity.

Who are the partners of converge ICT? ›

Converge has partnered with ExpressPay Inc., MicroGold Pawn Shops, PETNET and Sta. Monica Pawnshop Inc. to amplify the company's presence and accessibility among different areas.

What is the full name of converge? ›

Converge Information and Communications Technology Solutions, Inc. is a high speed fixed broadband operator in the Philippines. The Company provides end-to-end fiber Internet connections from its network facilities to its customers.

What is the company name for converge ICT? ›

Converge Information and Communications Technology Solutions, Inc.

Does Converge have 5g? ›

ENJOY COMBINED WI-FI SPEEDS UP TO 800 MBPS (FOR 2.4 GHZ) + 1733 MBPS (FOR 5 GHZ) Our MAX-STREAM AC2600 Multi User-MIMO Router offers two dedicated Wi-Fi bands that deliver combined speeds of up to 800 Mbps (for 2.4 GHz) + 1733 Mbps (for 5 GHz).

Is PLDT the best internet in the Philippines? ›

With the consistent wins at the Ookla® Speedtest Awards, PLDT also clocked the top speeds in major areas in the Philippines and bested all other major telco providers in 2022 including Pasig City, Cagayan de Oro, Baguio City, amongst others.

Why is PLDT fiber so slow? ›

Your internet speed may be affected by multiple and simultaneous users with different online activities such as heavy downloading, video streaming, online gaming, apps with auto-updates, etc.

Does Converge have SIM card? ›

Presenting Converge Internet, Affordable At Your Reach Sim Card.

How much is Converge monthly? ›

Converge ICT is charging an installation fee of Php2,500 as a straight payment. If that's too much, you can make a staggered payment of Php125/month for 24 months, which will be automatically added to your monthly bill.

What is the router of Converge? ›

Converge router gateway allows you to change WiFi password, SSID, and other default settings for Huawei, FiberHome, ZTE, and Cisco modems. Choose your router brand: Huawei. FiberHome.

Is Converge internet reliable? ›

Converge is the Top-Rated ISP in the Philippines based on the Ookla Speedtest Award for Top-Rated Fixed Network in the Philippines for the first half of 2022. Ookla®, the company behind Speedtest, is the global leader in mobile and broadband network intelligence, testing applications and related technologies.

Does Converge have landline? ›

Affordable Plans

But, Converge does not offer a landline. Almost all PLDT and Globe plans include a landline which normally costs around 700 PHP per month.

What is the market share of Converge? ›

During 2Q2021 and based on publicly available information, Converge captured 47% market share of fixed broadband net adds amongst the three largest broadband operators in the Philippines, representing an 2 increase in fixed broadband market share from 21% in June 2020 to 29% in June 2021.

What company has the largest fiber optic network in the US? ›

Group 1
#Internet ProviderType
1ComcastCable
2Charter CommunicationsCable
3AT&TFiber
4VerizonFiber
21 more rows
Mar 10, 2023

What is the highest internet company? ›

  • 10 Best Internet Providers of 2023.
  • AT&T Internet.
  • T-Mobile Home Internet.
  • Cox Communications.
  • CenturyLink.
  • Comcast Xfinity.
  • Verizon Fios.
  • Google Fiber.

What is the history of converge ICT? ›

Over the years the business has expanded through the provision of data services to Japanese companies in 1996, at which point it was named ComClark Network and Technology Corporation. Through the development of its expertise within this industry, Converge ICT Solutions Inc, as we know it today was borne.

What is the strongest network in the Philippines? ›

PLDT's wireless unit Smart Communications, Inc.

What city in the Philippines has the best internet? ›

Manila. The best wifi in the Philippines is in Manila and more specifically in Makati and BGC area. There are many coworking places in both Makati and BGC where you can get day passes starting from 700php and you usually get free coffee and tea for the whole day.

Which is better Globe or PLDT? ›

Globe offers almost the same as PLDT but with a few differences. They have more lower-tier options starting at 20Mbps, 25Mbps, and 35Mbps. 50Mbps is also their mid-tier offering and is succeeded by their high-tier offering starting at 100Mbps and is succeeded by 200Mbps, 500Mbps, and 1Gbps.

What is the fastest PLDT internet? ›

As of 2021, PLDT is still the sole telecommunications company in the country capable of providing fiber-optic speeds of up to 10 Gbps, which is considered the fastest available to the public.

What is the most used Internet in Philippines? ›

According to Philippine social media statistics, Facebook is the most popular social networking site.

Is Philippines as one of the slowest internet? ›

Among 169 countries included in the index, the Philippines ranked 38th in terms of internet poor as share of the population. This translated to over 58 million Filipinos who cannot afford a 1-GB-per-month internet package. This put the country the seventh in the world with the largest number of internet poor.

Why is Converge slow at night? ›

Slower internet speeds at night are often the due to network congestion. Just like rush hour traffic, when everyone uses the internet at the same time, the network's limited bandwidth struggles to keep up.

Who are Converge competitors in the Philippines? ›

PLDT (formerly known as Philippine Long Distance Telephone) is a telecommunications and digital services provider. Liberty Communications of Costa Rica (formerly known as Cabletica) is a provider of telecommunication services. Mir Telecom is a provider of telecommunication products and services.

Is Converge faster than Globe? ›

This is compared to June's ISP Speed Index that crowned Globe with the country's top spot after achieving an average performance of 3.6 Mbps, followed by Converge, Sky Cable, and PLDT with 3.4 Mbps, and Royal Cable with 3.2 Mbps.

Is dito and Converge the same? ›

Davao-based businessman Dennis Uy partly owns DITO, while Converge is partly owned and headed by Dennis Anthony Uy from Pampanga.

How many devices connected to my wifi Converge? ›

Enter your router's admin password and tap the LOGIN button. The dashboard displays. Swipe up on the network information panel. The devices that are connected to your router display.

What does Converge mean in ICT? ›

Convergence is the coming together of two different entities, and in the contexts of computing and technology, is the integration of two or more different technologies in a single device or system.

What is the password for Converge cable box? ›

You will be prompted for Login. Your User ID is your Converge Account number (13-digit), Password is 12345. Click on TV tab and select the preview or go to “All Channels”. Enjoy!

What is the serial number of Converge modem? ›

Step 1: Look at the back panel of the router when it is standing vertically. Step 2: You can find the model and serial number on the sticker at the back.

What is the origin of convergence? ›

Converge traces back to the Latin word vergere, meaning “to bend or to turn." The prefix con- means "with," a good way to remember that things that converge come together.

How many employees does Converge ICT have? ›

Converge ICT Solutions, Inc. has 201 to 500 employees.

How many employees does Converge ICT Solutions Inc have? ›

Converge ICT Solutions has 3,000 employees. View the comprehensive list of Converge ICT Solutions employees, their locations, business contact details and key personnel.

What companies are owned by PLDT? ›

TEL's subsidiaries include, among others, Smart Communications, Inc.; PLDT Clark Telecom, Inc.; PLDT Subic Telecom, Inc.; PLDT Global Corporation; PLDT-Philcom, Inc.; PLDT-Maratel, Inc.; Bonifacio Communications Corporation; Digital Telecommunications Phils, Inc.; PLDT Global Investments Holdings, Inc.; and PLDT ...

What companies are under PLDT? ›

  • Home.
  • Enterprise.
  • PLDT Enterprise.
  • ePLDT.
  • Wireless.
  • Smart.
  • TNT.
  • Sun.

Who is PLDT owned by? ›

First Pacific

Who is the biggest competitor of PLDT? ›

PLDT's competitors include Circles. Life, MasMovil, Amaysim, Vodafone. PLDT ranks 353rd among 511 active competitors.

Who are PLDT major competitors? ›

PLDT's competitors and similar companies include Telstra, Smart Communications, Globe Telecom and Converge Ict Solutions. PLDT (formerly known as Philippine Long Distance Telephone) is a telecommunications and digital services provider.

What country made PLDT? ›

By 1968, a new era of PLDT leadership was ushered in, PLDT finally became a Filipino-controlled corporation when Ramon Cojuangco and his group of Filipino industrialists and businessmen bought the controlling stake of GTE of New York. It was a symbol of national pride and a moment of triumph for Filipinos.

Is there PLDT in the United States? ›

ABOUT PLDT UNITED STATES

PLDT (US) LTD, or PLDT US, is part of PLDT Global Corporation, a subsidiary of PLDT, Inc.

What is the full company name of PLDT? ›

PLDT Inc (PLDT), formerly Philippine Long Distance Telephone Company, provides telecommunications services across the fiber optic, cellular and fixed-line networks.

Who owns PLDT and Globe? ›

The owners of Globe include foreign company Singapore Telecom (SingTel) and Ayala Corporation, with Jaime Zobel de Ayala as the company's chairman. Smart, meanwhile, is wholly owned by Manuel V. Pangilinan's Philippine Long Distance Telecommunication (PLDT) Company.

What status does PLDT company have? ›

PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine-listed companies. Do you want to learn more about us?

What brand is PLDT router? ›

Give your best gameplay performance with the fastest PLDT Home Fibr & the award-winning ASUS Rapture Wifi 6 Gaming Router.

What is the brand reputation of PLDT? ›

PLDT's Brand Strength Index score of 88.4 out of 100 and corresponding AAA brand rating reveal that in addition to being the most valuable Filipino brand, it is also the strongest Filipino brand.

Top Articles
Latest Posts
Article information

Author: Gov. Deandrea McKenzie

Last Updated:

Views: 5937

Rating: 4.6 / 5 (66 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Gov. Deandrea McKenzie

Birthday: 2001-01-17

Address: Suite 769 2454 Marsha Coves, Debbieton, MS 95002

Phone: +813077629322

Job: Real-Estate Executive

Hobby: Archery, Metal detecting, Kitesurfing, Genealogy, Kitesurfing, Calligraphy, Roller skating

Introduction: My name is Gov. Deandrea McKenzie, I am a spotless, clean, glamorous, sparkling, adventurous, nice, brainy person who loves writing and wants to share my knowledge and understanding with you.