Saturday, October 23, 2021

Converge thanks Angeles City Council for recognition

CONVERGE ICT Solutions Chief Executive Officer Dennis Uy thanked the Angeles City Council for recognizing its efforts in introducing technological innovation crucial to nation-building and economic growth.

In a letter addressed to the City Council, Uy thanked Vice Mayor Vicky Vega-Cabigting and members of the Sangguniang Panlungsod.

"We are thankful for the recognition and we look forward to our continued partnership. Please be assured that we are always ready to help the City Government in its efforts to serve the public better," Uy said in his letter.

Uy said Converge remains committed to providing world-class broadband services for better digital experience.

The resolution citing Uy's efforts through Converge ICT Solutions was sponsored by Councilor Jesus “Jay” Sangil, chairman of Committee on Public Works and Engineering, and Clark Freeport Zone.

Resolution No. PR 1178-08-21, which recognizes the efforts of Uy and Converge “in improving Philippines’ strides to technological innovation, economic rebound and nation building” was passed by the City Council on August 17.

The resolution was co-sponsored by Councilors Alfie Bonifacio, Arvin Suller, Raco Del Rosario, Marino Bañola, Dan Lacson, Joseph Ponce, Jaycee Aguas and Association of Barangay Chairmen President Jerry Alejandrino. It was seconded by Councilors Thelma Indiongco and Sangguniang Kabataab President Mandani in a session presided by Vega-Cabigting.

In the resolution, the City Council cited Uy as “a true dedicated son of Angeles City, is now also considered as one of the great minds of Asia, entrepreneur par excellence, a business genius, a stalwart of technological innovation who remains committed to Angeles City’s progress.”

The resolution stated that “Dennis Uy, the acknowledged leader and visionary has catapulted Converge into becoming one of the leading pure fiber companies that now covers not just Luzon but also Visayas and Mindanao. All these achievements give Angeles City pride, prestige, and honor as Converge continues to strive for excellence."

Converge recently reported its first-half earnings for 2021 that include P3.252 billion net income, P11.78 billion in consolidated revenues where the majority of P10.2 billion come from residential.

Since being given congressional franchise in 2009, Converge has continued to expand with its fiber rollouts that cover 8.3 million homes in the entire Philippines, remaining on track to reach about 55-percent target in the next four years.

Converge is now considered as a blue-chip company by the Philippine Stock Exchange (PSE), with its recent inclusion in the PSE Index in less than a year of being a publicly listed company.


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