C07567-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 7,526,294,461 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Converge continues to deliver industry leading results in 9M2021, with 76.4% Y.O.Y revenue growth, record profitability with P10.4Bn EBITDA (55.1% EBITDA margin) and P5.2Bn net income (27.6% net income margin) |
Background/Description of the Disclosure |
Converge Information and Communications Technology Solutions, Inc. (“Converge”) ended 3Q2021 with 1,576,759 residential subscribers, a 75% increase from 3Q2020. The Company’s dual pronged strategy of Go Deep and Go National have resulted to another record high of net adds during 3Q2021. As the fastest growing fixed broadband operator in the Philippines, the Company deployed another record number of new fiber-to-the-home ports during the quarter at 654,188. As of September 30, 2021, Converge’s nationwide network reached more than 9.6 million homes, on track to reach the Company’s accelerated target to cover approximately 55% of households in the Philippines by 2023, 24 months earlier than projected during the Initial Public Offering last year. |
Other Relevant Information |
NA |
Name | Benjamin Rex Emilio Azada |
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Designation | Chief Strategy Officer |