Leading fiber broadband and technology provider Converge ICT Solutions Inc. started 2026 with another strong quarter, reporting ₱11.2 billion in revenues while officially crossing the 3 million subscriber mark.
The growth comes as more users continue shifting to fiber internet, especially in areas where stable mobile data can still be inconsistent during busy hours. Converge’s prepaid fiber service, Surf2Sawa (S2S), also continues to gain traction, particularly among households looking for a more affordable internet option without long-term lock-in plans.
As of end-March 2026, Converge’s total subscriber base reached 3.09 million, marking a 14% year-on-year increase. One of the biggest contributors was Surf2Sawa, which grew its subscriber base by 86.7% year-on-year to 674,000 users.
As of end-March 2026, Converge’s total subscriber base reached 3.09 million, marking a 14% year-on-year increase. One of the biggest contributors was Surf2Sawa, which grew its subscriber base by 86.7% year-on-year to 674,000 users.
“We are focused on expanding our fiber footprint, especially in the Visayas and Mindanao, to serve more Filipinos with world-class connectivity,” said Converge Co-Founder and CEO Dennis Anthony Uy. “Our enterprise customers will also get a boost with the completion of our national digital infrastructure that sets the stage for providing cloud and data heavy services.”
The company’s enterprise segment also continued growing steadily during the quarter, generating ₱2 billion in revenues, up 16% year-on-year.
Converge recently completed what it describes as a future-ready national digital infrastructure. This includes its fiber backbone, satellite network, international subsea cable systems, cable landing stations, and scalable data centers. The company says this infrastructure will help support more cloud-based and data-heavy services moving forward.
For the first quarter of 2026, Converge posted ₱3.02 billion in net income. EBITDA grew by 3.3% to ₱6.9 billion, while EBITDA margin stood at 61.8%. Return on Invested Capital (ROIC) also reached 15.6% during the period.
“Despite geopolitical turmoil affecting the local economy and its growth prospects, we are able to insulate much of our operations from these. Our financial performance in the first quarter remains steady and we assure our subscribers - now at 3 million - that we hear them, and we’re improving resolution of our network challenges,” said Converge President and Co-Founder Maria Grace Uy.
The company allocated ₱2.9 billion in cash capex during the first quarter alone. Converge also maintained its full-year capex guidance between ₱18 billion and ₱23 billion.
For regular users, this usually translates to continued network expansion, upgrades, and maintenance. Areas in Visayas and Mindanao are expected to see more aggressive fiber rollout as the company pushes to widen coverage outside major cities.
“Our capex would mainly be used for the continued expansion and reinforcement of our network to continuously deliver reliable services, and at the same time, to prepare us for future demand. As we anticipate growth for both our consumer and enterprise segments, we want to keep our infrastructure resilient to support evolving customer needs and deliver more digital services,” said Converge Chief Finance Officer Robert Yu.
Converge also highlighted its recent recognition from Ookla, where it again secured several broadband performance awards in the second half of 2025. These include Fastest Fixed Network, Best Fixed Network, Best Video Experience, and Lowest Latency. According to the company, this marks three straight years of broadband leadership in the country.
Still, Converge acknowledged that network issues remain a concern for some subscribers, especially in areas experiencing outages or repair delays. The company says improvements are already being seen internally, particularly in repair turnaround times and customer support response.
“While challenges remain, we’re seeing steady improvement in outage frequency and repair speeds. The number of subscribers impacted by network trouble has also been coming down. Response and handling times of our customer support teams are likewise improving. We’re investing in network upgrades and proactive maintenance, so you can expect us to keep improving on these metrics,” noted Benjamin Azada, Converge Chief Operations Officer.
Overall, Converge’s latest quarter shows that fiber demand in the Philippines continues to grow steadily. With more households relying on stable internet for work, school, streaming, and gaming, providers are now under even more pressure to keep networks reliable while expanding coverage to underserved areas.
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