Converge Information and Communications Technology Solutions Inc. on Thursday said it will upgrade the speed of residential base plans for free, following double-digit gains reported in the third quarter of the year.
In a regulatory filing, Converge said it will permanently double the speed of the base FiberX Plan 1500 to reach up to 200 megabits per second starting Friday, November 11, 2022.
Converge said it will also introduce two new plans — the FiberX Plan 2000 which will offer 400Mbps, and the FiberX Plan 7499 with 1 Gigabit per second . The company’s net income after tax climbed by 11% to P2.157 billion in July to September from P1.946 billion the same quarter last year, as revenues jumped to P8.427 billion from P7.050 billion.
Compared with September 2021, SME customers hit over 31,000 to reflect a 77% increase, while its wholesale segment grew by 52% as the company increasingly monetized the capacity of its domestic fiber network and international cables.
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