Converge Information and Communications Technology Solutions Inc. said Friday consolidated revenues jumped 67 percent in the first nine months to P10.67 billion from the same period last year.
It said consolidated revenues in the third quarter climbed 71 percent to P4.18 billion from a year ago with the acceleration of the business during the period.
Converge ICT said residential and enterprises businesses generated revenues of P8.41 billion (up 90 percent) and P2.26 billion (up 15 percent), respectively.
Monthly residential ARPU (average revenue per user) steadily increased from P1,270 in the first half to P1,352 in the third quarter, representing a growth of 6.5 percent.
“The steady ARPU increase continues to be a result of the increasing contribution of FTTH subscribers in its customer mix and the upselling to its premium packages, such as its FiberXtreme packages, or add-on products, such as the ‘10-for-99’ package offering 10 Mbps bandwidth for P99 per month,” Converge ICT said.