INVESTORS rallied behind Converge ICT Solutions, Inc. last week as the fiber internet provider announced its expansion overseas.
Data from the Philippine Stock Exchange showed a total of 44.86 million shares worth P754.81 million were traded from Jan. 3 to 6, making it the eighth most active stock last week.
In a disclosure on Wednesday, Converge said that it had received the go-signal from the Singapore government to provide internet connectivity in that country, strengthening its international business. The services include ethernet-international private line, dedicated internet access, carrier ethernet network, internet protocol virtual private network using multiprotocol label switching, and sale and resale of submarine cable capacities.
“We saw the stock was heavily battered last year with heavy foreign selling, I believe this will be a better year for Converge as we all know access to the internet has become a necessity in almost all aspects of life today,” Mr. Santarina said in a Viber message.
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