Smarting from the successful Initial Public Offering (IPO) of Converge ICT Solutions Inc., Founder and CEO Dennis H. Uy envisions a “digitalized Philippines” in the run up to 2025 when it had finally laid out the backbone of the fiber technology in the whole country.
During its stock market debut on Monday, Converge raised P29.1 billion to giving it a shot in the arm to pursue its plan to expand its network over 18 months to capture 55 percent of the country’s 22 million households by 2025.
Converge is now one of the Top 10 IPO companies in the Philippines.
Uy, who attended the turn-over of 30 Huawei WiFi6 modems with 5G capability to Holy Angel University (HAU) in Angeles City on Wednesday morning said he was eyeing to lay out the IT backbone from Luzon up to Sorsogon and all the way to Mindanao. This involves 50,000 kilometers of cable to deliver pure end-to-end fiber optic ensuring fast internet connection.
The fiber optic backbone will elevate the status of the Philippines’ IT highway at par with Singapore and Hong Kong. Currently, Uy said the Philippines is lagging behind Ghana and Myanmar.
Uy has teamed up with Huawei Philippines for the installation of 30 Huawei WiFi6 modems with 5G cpability to the Holy Angel University. With Uy is Huawei Philippines Account Director Roby Sun who also revealed the creation of the Huawei Academy in Shenzhen, where selected Filipino students will embark on an all-expense paid two-week training at the Huawei headquarters.
Sun said the training of Filipinos in Information and Communications Technology (ICT) will start next year after selection of participants.