LISTED Converge ICT Solutions Inc. has completed its $ 6 billion domestic submarine cable project, which connects the Visayas and Mindanao region to its national fiber optic network.
In a statement released Friday, the fiber internet provider said the 1,800-kilometer submarine cable will make its final landing at Coron in Palawan on October 31, 2021.
Converge noted that the submarine cables have been laid out in such a way that there is redundancy in the network to ensure continuous service in the event of a fiber cut.
“We are pleased to announce the completion of the main and secondary roads of our home network, which cover the whole country. Not only does this ensure service availability nationwide, but with the design of the network, we are assured of having a resilient backbone capable of carrying the enormous data traffic generated by our millions of customers and more, ”said said Converge CEO Dennis Anthony Uy.
The company said the Visayas and Mindanao were interconnected during phase 1 of the deployment, landing first in Cebu and Cagayan de Oro before reentering the Visayas via Roxas City and Mindanao via Agusan del Norte during phase 2. .
Converge said it uses 48 fiber optic cables operating on 400G and 800G technologies.
“More than the interconnection of the large islands, we have achieved a high level of resilience in the network by ‘closing’ the loops on our main and secondary routes,” Uy added.
Last month, Converge also announced that it had completed its fiber optic loop in northern Luzon, making its network in the region completely redundant.
Converge said it remains on track to meet its goal of covering 55% of local households by 2025.
The company’s network reached over 8.3 million households in the first half of the year, while household coverage was 32.5% during the period.
Converge posted net profit more than doubled to 3.25 billion pesos from January to June, compared to 1.26 billion pesos year-on-year.
Converge shares lost P1.05, or 3.2%, on Friday to close at P31.80 each.