There's opportunity in underserved broadband market - Converge ICT
With a vast population that is expected to hit 109 million by the end of 2019, the Philippines consists of more than 20 million households. However, less than four million of these are connected to the Internet through broadband, most of which are still relying on a copper cable system. While telco giants Globe Telecom and Smart Communications address the deficiency through mobile Internet, consumers are still experiencing network congestion as there are only around 16,500 cell sites available to serve the country’s more than 115 million mobile phone subscribers. The country needs at least 100,000 cell sites so that subscribers could get better mobile service. Helping in addressing the communications infrastructure and connection problems in the country, Converge ICT, a service provider of various IT products and solutions, is rolling out to consumers a fast broadband service based on pure fiber technology. The company now has more than 200,000 subscribers. Taking into account that
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