Leading fiber internet services provider Converge ICT Solutions Inc. (PSE: CNVRG) has qualified for early inclusion in the benchmark Philippine Stock Exchange Index (PSEi) as its market capitalization reached nearly P180 billion at the close of trade Thursday. The pure fiber broadband operator will likewise be included in the Services Index.
The Philippine Stock Exchange (PSE) approved policy adjustments following its July 2020 to June 2021 review, with the change in the PSEi composition taking effect on August 16, 2021. The PSEi is composed of 30 members which represent the largest, most valuable, and most liquid companies in the local exchange.
“This was a pleasant surprise to us as we are really just focused on delivering our commitment to reach the underserved and unserved areas in the country with world-class pure fiber broadband connectivity,” Converge CEO Dennis Anthony Uy said.
