Sky Cable Corp. has entered into a commercial arrangement with leading Philippine fiber broadband provider Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) that will enable Sky to upgrade its network and improve services to its subscribers.
SKY in a press statement said that this collaboration leverages Converge’s leading fiber-optic network, offering SKY subscribers a superior and more reliable internet experience.
According to Sky through this agreement their customers will gain access to Converge’s state-of-the-art fiber network and it will translate to significantly faster internet speeds, improved stability, and a more future-proof connection to meet the growing demands of online activities.
Sky Chairman Mark Lopez said, “Converge has built a superior state of the art fiber network nationwide that Sky customers will soon experience.”
Sky President and Chief Operations Officer Claudia Suarez said the initiative with Converge supports Sky’s transformation plan that is aimed at improving Sky’s products and services. “Through the arrangement with Converge, we expect Sky and its subscribers to benefit from the world-class fiber network that Converge has built over the last few years,” she said.
Converge President and Co-Founder Maria Grace Uy said that the arrangement will allow Converge to maximize its network and increase port utilization. “This will be a revenue boost for Converge consistent with similar arrangements with other players as we are able to continue to monetize further our excess network capacity,” she said.
Converge has the largest fiber-to-the-home (FTTH) network in the Philippines with over eight million ports and a fiber footprint extending over 700,000 kilometers that reaches 16 million Filipino homes nationwide. As of end-March 2024, Converge serves 2.3 million residential broadband subscribers across the country.
