fiber optic wires

Converge secures P5-B loan from Landbank in bid for nationwide reach

Converge ICT Solutions Inc. sealed a P5-billion loan deal with state-owned Land Bank of the Philippines to fund its nationwide fiber internet rollout. Pampanga-based businessman and Converge CEO Dennis Anthony Uy said on Friday this would also allow the company to expand its presence in “unserved and underserved” areas in the Philippines. According to Converge,…

Landbank’s add’l equity to go to MSME loan programs

The additional P27.5-billion equity infused into state-run Land Bank of the Philippines (Landbank) will be injected into existing and upcoming loan programs for small businesses badly hit by the pandemic-induced recession, an official said. In a telephone interview on Wednesday, Landbank vice president and corporate affairs group head Vivian Cañonero said the Bayanihan to Recover…