C07567-2021

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 11, 2021
2. SEC Identification Number
CS200716094
3. BIR Tax Identification No.
006-895-049-000
4. Exact name of issuer as specified in its charter
CONVERGE INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS, INC.
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
New Street Building, Mc Arthur Highway, Balibago, Angeles City, Pampanga Postal Code 2009
8. Issuer's telephone number, including area code
(02) 8667-0888
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 7,526,294,461
11. Indicate the item numbers reported herein
Item 9. Other events

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.

Converge Information and Communications Technology Solutions, Inc.CNVRG

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

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.

Please see attachment for full press release.

Other Relevant Information

NA

Filed on behalf by:
Name Benjamin Rex Emilio Azada
Designation Chief Strategy Officer