Converge ICT secures US$250m cash injection to develop nationwide network

摘要

Converge ICT Solutions, a pure fiber provider in the Philippines, has announced it has received a PHP12.8 billion (US$250 million) investment from US-based private equity group Warburg Gregory Pincus to further the development of its nationwide network. Converge ICT says the funding is earmarked to roll out additional fiber-optic connections across the country, with founder and president Dennis Uy noting: 'Since going full throttle with our fiber network rollout and package offerings, the modification in overall Philippine performance has been noticeable.'