C08107-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 10, 2023
2. SEC Identification Number
CS200716094
3. BIR Tax Identification No.
006-895-049-000
4. Exact name of issuer as specified in its charter
Converge Information and Communications Technology Solutions, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
New Street Building, Mc Arthur Highway, Balibago, Angeles City, Pampanga Postal Code 2009
8. Issuer's telephone number, including area code
(02) 8667-0888
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 7,266,573,061
Fixed Rate Bonds 10,000,000,000
11. Indicate the item numbers reported herein
Item 9. Other events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Converge Information and Communications Technology Solutions, Inc.CNVRG

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

CONVERGE SURPASSES THE TWO MILLION SUBSCRIBER MILESTONE SUPPORTED BY CONTINUING GROWTH ACROSS ALL PACKAGES

3Q2023 CONSOLIDATED RESIDENTIAL NET ADDS OF 78,623 REPRESENTING ALMOST 60% GROWTH OVER THE PREVIOUS QUARTER’S NET ADDS

SUSTAINED INDUSTRY-LEADING CONSOLIDATED REVENUE GROWTH FOR 9M2023 AT 7.2% YOY; EBITDA MARGIN ENDED AT 57.7% AND ROIC AT 15.4%

Background/Description of the Disclosure

Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) (“Converge” or the “Company”) ended the third quarter of 2023 with a total of 2,048,286 subscribers. This is comprised of 1,966,105 postpaid subscribers and 82,181 prepaid subscribers. Net additional subscribers reached 170,925 in the first nine months, 78,623 of which came from the third quarter alone. In 3Q2023, FiberX contributed 35,214 in net adds while Surf2Sawa’s net adds amounted to 28,020. Meanwhile, Bida Fiber garnered 23,895 in net adds just one month after its official launch.

Other Relevant Information

Please see attached for the full press release.

Amendment: Corrected 3Q2023 Household Coverage

Filed on behalf by:
Name Owen Kieffer Ocampo
Designation Investor Relations Director