LISTED fiber internet provider Converge ICT Solutions, Inc. announced on Thursday that it recently opened its regional headquarters in Bicol as part of its goal to cover more than half of the addressable households in the region by the end of 2022.
“On Tuesday, (Converge) established its regional headquarters for the Bicol region in Legazpi City and opened a new business center in the city to bring its services closer to its customers in the southern Luzon region,” the company said in an e-mailed statement.
The company’s fifth business center in Bicol is expected to help it reach “more than half of the addressable households in the region by yearend,” it added.
Converge has established business centers in the cities of Naga, Daet, Iriga, and Sorsogon.
“The regional headquarters will not only be for Converge but for its infrastructure subsidiary, Metroworks, which oversees repair and installation of the fiber lines. This shared facility will ensure quicker coordination to address network issues,” the company said.
“Majority of the Converge network in Bicol has been put underground, given the propensity of typhoons visiting the region,” it added.
The company saw its first-quarter attributable net income increase by 27% to P1.97 billion from P1.55 billion in the same period a year earlier as a result of higher revenues from residential and enterprise subscribers.
Its revenues rose by 40% to P7.75 billion from P5.55 billion in the same period in 2021.
Converge ICT shares closed 2.98% lower at P21.15 apiece on Thursday. — Arjay L. Balinbin