PLDT leads industry-wide alliance

Teco giant PLDT is leading an industry-wide alliance to ensure that Filipinos have unhampered access to connectivity and telco services.

Warburg Pincus still has 3% in Converge after unloading P13.7B shares

New York-based private equity titan Warburg Pincus still has a three percent stake in Converge ICT Solutions (CNVRG) of ultra bilyonaryo couple Dennis Anthony and Grace Uy. Warburg Pincus, through its affiliate Coherent Cloud Investments, has 222.758 million CNVRG shares left after selling 548.655 million shares at P5 each on May 25. CNVRG accounted for […]

Dennis Anthony Uy announces Converge share buyback, exit of Coherent Cloud

Converge ICT Solutions Inc. has announced a share buyback program to enhance shareholder value, with investor Cloud Investments fully divesting from the fiber internet provider. In a disclosure to the Philippine Stock Exchange, Converge said part of the approved buyback program is the acquisition of shares worth as much as P6.5 billion from Coherent Cloud, […]

Dennis Anthony Uy’s Converge maintains strong profitability in Q1

Fiber broadband provider Converge ICT Solutions sustained its growth momentum in the first quarter on the back of increased scale and cost management initiatives. Bilyonaryo Dennis Anthony Uy’s Converge posted a net income of P1.97 billion from January to March, up 27.2 percent from the previous year’s P1.55 billion. Consolidated revenues surged 39.7 percent to […]

Converge’s PBA foray already proving to be a worthy investment

Dennis Anthony Uy’s move to own a franchise in the Philippine Basketball Association (PBA) is already proving to be a worthy investment for Converge ICT Solutions. Converge chief strategy officer Benjamin Azada in an online briefing said the company has made an initial investment of P105 million for its acquisition of the Alaska Aces franchise […]