Rumor: PLDT wants to buy Converge ICT
Abe Olandres, writing for Yugatech;
In the past several months though, Converge has been making the rounds and doing press briefings. One of the reasons behind it is that PLDT is looking to buy the company (this was mentions in the sidelines during their latest media briefing) but the President/CEO of Converge rejected the offer.
In order to combat pressure from competition, Converge needs to scale up pretty quickly as it becomes a serious threat to big players like PLDT/Globe. The plan is to go public — Converge is looking to file its IPO sometime in 2018. This move will certainly put ...