Converge ICT Solutions Inc. on Wednesday said it has completed its third Core node, set to improve its network traffic distribution and address outages moving forward.
In a statement on Wednesday, Converge said it completed its third Core network backbone node in December to complement its two nodes in Metro Manila and Pampanga.
"We've always said that we are all about our customers' online experience. This is one of the best examples of how we intend to back it up. Our main advantage is the quality of our high-speed fiber connectivity," said Converge chief executive officer Dennis Anthony Uy.
"Our expansion efforts are running at an unprecedented pace. And we know that network capabilities need to be more so we can serve everyone as best as we could," he added.
According to the company, it has also deployed 34 broadband remote access serve systems (BRAS) throughout Luzon to enhance customer internet experience.
Converge last month announced free permanent speed upgrades of up to 300 megabits per second (Mbps) to customers, in celebration of breaching a million subscribers.
Converge reported an 83% climb in its income for the third quarter of the year to P931.5 million versus P509.4 million the same period in 2019. Year-to-date, income rose 59.5% to P2.170 billion from P1.361 billion previously.
The company in October generated P29 billion from its initial public offering (IPO), the same amount it has allocated to spend in the next 18 months to finance its expansion across the country.
In July, Converge said it would spend P33 billion for the remainder of 2020 and the rest of 2021 for the development and expansion of its national backbone, provincial backbone, and last-mile connectivity. -MDM, GMA News