Matthias Vukovich, chief financial office advisor at Converge, also said that the company has revised its capital expenditure guidance for the year to P21-23 billion from the P25 billion set previously.
For the nine months that ended Sept. 30, Converge saw its net income grow 17% to P6.11 billion from P5.2 billion in 2021. “Our fiber digital highway is now running around 600,000 kilometers, reaching our northernmost provinces in the Ilocos and Cordillera regions up to Palawan and the Bicol region, and the major islands in the Visayas and key cities in Mindanao. And it’s not yet over. Our mission is to reach the underserved areas in the country with our world-class fiber infrastructure,” Converge Chief Executive Officer Dennis Anthony H. Uy said.