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Fiber firm scales back 2025 growth targets
The Freeman
|August 28, 2025
Philippine fiber broadband operator Converge ICT Solutions has scaled back its full-year growth target after a strong first half underscored both the strength of domestic demand and the structural challenges facing the sector.
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Revenues in the first six months of 2025 climbed 11.6 percent to P21.8 billion, with net profit up 12.4 percent to P5.9 billion.
Esta historia es de la edición August 28, 2025 de The Freeman.
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MÁS HISTORIAS DE The Freeman
The Freeman
GPS installed in all city vehicles
The Cebu City Government is now keeping a strict watch over its fleet through the installation of Global Positioning System (GPS) units on vehicles under the Department of General Services (DGS), a move seen as both a modernization effort and a corrective measure following concerns about the misuse of government assets.
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The Freeman
Mandaue City honors three centenarians
At least three senior citizens who have reached the age of 100 were honored by the Mandaue City government, each receiving a P100,000 cash gift and a certificate of recognition.
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The Freeman
'Stranger Things' takes final bow: 5 things to know
The hit science-fiction-horror series \"Stranger Things\" returned with three new episodes from its fifth and final season, ahead of the grand finale on January 1.
2 mins
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The Freeman
Archival leaves Monterrazas' fate to DENR
Cebu City Mayor Nestor Archival has left the fate of the Monterrazas de Cebu controversy to the Department of Environment and Natural Resources (DENR), saying the city will no longer pursue its own probe as the national agency presses criminal and administrative cases against the developer.
2 mins
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The Freeman
AEV inks P13.7B deal with Global Infrastructure Partners
Aboitiz Equity Ventures Inc. (AEV) and Global Infrastructure Partners (GIP), a part of BlackRock, have completed the definitive agreements formalizing their strategic partnership in Aboitiz InfraCapital, Inc. (AIC).
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The Freeman
Cebu Pacific, NBI warn public vs unauthorized sellers of flights
Cebu Pacific is now working with the National Bureau of Investigation (NBI) to identify unauthorized sellers of its flights who are using fraudulent or stolen credit cards.
1 min
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The Freeman
Key real estate sectors urged to recalibrate entering 2026
Key sectors in the real estate market are encouraged to recalibrate to address widening pricing gaps, infrastructure bottlenecks and intensifying global competition, as the industry enters 2026.
1 mins
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The Freeman
ERC seeks Magna Carta overhaul to strengthen consumer protection
The Philippines' Energy Regulatory Commission (ERC) is moving to overhaul the Magna Carta for Electricity Consumers, proposing wider coverage and tougher service standards as it seeks to strengthen consumer protection and align rules with rapid changes in the power sector.
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The Freeman
Mandaue bans lasers, drones, kites, balloons over city airspace
The government of Mandaue City has tabled an ordinance regulating, or banning, the use of laser lights, drones, kites, and balloons in the city's airspace.
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The Freeman
COA flags P15.9M financial assistance
A total of P15.92 million worth of financial assistance released by the municipality of Consolacion for medical and hospitalization aid has been flagged by state auditors due to incomplete supporting documents.
3 mins
December 27, 2025
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