The company’s net income also grew to P3.39 billion from P1.9 billion in the same period. Converge doubled its 2020 subscriber base, reaching 1,038,000 residential subscribers by year-end. Significantly, 90 per cent of these were first-time broadband users. Correspondingly, the company deployed 1.5 million new fiber-to-the-home (FTTH) ports, almost double the number in 2019. Overall, Converge’s nationwide network reached over 6.1 million homes, on track to reach its target to cover 55% of households nationwide by 2025. “There’s a massive pent-up demand for FTTH. We’ve not even reached 10 percent penetration. The market is blue ocean,” was how CEO and Co-founder Dennis Anthony H. Uy described it during today’s ( March 11) virtual press briefing.