Converge ICT launches prepaid fiber home internet service

Converge ICT Solutions Inc. on Thursday launched its prepaid fiber home internet service to cater to middle and low-cost income segments of the market.

Converge ICT co-founder and CEO Dennis Anthony Uy launches the fiber internet provider’s newest offering —prepaid fiber, “Surf 2 Sawa.” pic.twitter.com/Hc7xLi5QXc

— Ted Cordero (@Ted_Cordero) March 16, 2023

“We are now launching today the ‘Surf2Sawa’ prepaid fiber,” Converge ICT co-founder and CEO Dennis Anthony announced during a press briefing in Pasig City.

Uy said the “Surf2Sawa” or S2S prepaid fiber WiFi offering is now available in over 400 cities and municipalities nationwide, including key areas in Batangas, Bulacan, Quezon, Bicol, Panay, and Negros.

“It’ something that’s never been done before. We believe it’s perfect for the Philippines because we are a unique market,” the Converge CEO said.

“We know the Philippines is a sachet market… Given the rising cost of living we’ve experienced this year, having quality connectivity at home become the ever bigger challenge,” Uy said, adding that the S2S prepaid service targets to cater to D and E income segments of the economy.

Those interested to avail the offering would need to shell out P1,000 for router installation fee.

The unlimited prepaid fiber WiFi service at 25 megabits per second (Mbps) can be availed through the following packages: P50 for one day, P200 for seven days, P380 for 15 days, and P700 for 30 days 30 days.

“It is our belief that digital access is now a right of everyone. Thus, we want to provide our people with the internet that they don’t just deserve but they can afford as well. In this digital age, we want to make sure that no one will be left behind,” Uy said.

For the full-year 2022, Converge ICT booked a net income of P7.439 billion, up 4% year-on-year amid the rise in the company’s subscriber base.

The company is expecting to spend P12 billion to P15 billion in capital expenditures this year to support port deployment in key expansion areas in Visayas and Mindanao, and modems to be installed with new subscribers.

Other key capital expenditure initiatives in 2023 will include investments into international subsea cables, and acquisition of core network equipment to further bolster the redundancy of their domestic fiber network.—AOL, GMA Integrated News