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Internet service provider LISTING Converge ICT Solutions, Inc. said Monday that it is currently exploring the latest satellite technologies to improve its services.
“The latest satellite technologies, including that of Space Exploration Technologies Corp. (SpaceX), are among the new technologies that Converge is exploring to bring high-speed broadband to remote areas of the country,” Converge said in a statement.
The company issued the statement to clarify news reports that it was in talks with SpaceX for a partnership on broadband satellite services.
“Converge wishes to clarify that the company is always looking for new technologies to bring high-speed Internet services to the largest number of Filipinos,” he said.
“However, it is still very premature to talk about a possible partnership between Converge and SpaceX at this stage, as suggested in the … news reports,” he added.
Converge aims to reach more than 15 million or 55% of Filipino households by 2025.
The company registered 6.1 million approved homes, as of December 2020, representing 25% of the total homes in the Philippines.
Recently, it reported an attributable net profit of $ 19 billion for the first nine months of 2020, 57.63% more than the $ 1.39 billion it earned in the same period in 2019.
Converge ICT shares closed 4.40% higher at P18.52 each on Monday. – Arjay L. Balinbin
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