5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

20,000-km Bifrost Cable lands in Davao — Converge ICT

by
August 7, 2025
in Stock
0
20,000-km Bifrost Cable lands in Davao — Converge ICT
The Bifrost Cable System is the first trans-pacific system in over two decades that traverses a new route between the United States (California and Oregon), Guam and Southeast Asia via Indonesia, Singapore, and the Philippines — enabling ultra-low latency and high-capacity bandwidth essential for today’s digital economy. — CONVERGE ICT SOLUTIONS, INC.

CONVERGE ICT SOLUTIONS, Inc. said the Bifrost Cable System has reached the Philippines following its landing in Davao.

“Since we’ve announced this project, we’ve seen overwhelming demand from carriers and internet service providers (ISPs) seeking to purchase capacity,” Converge Chief Executive Officer Dennis Anthony H. Uy said in a media release on Thursday.

The Bifrost Cable System is a trans-Pacific cable system that connects Singapore, Indonesia, the Philippines, and the United States.

The system also enables ultra-low latency and high-capacity bandwidth amid the growing digital economy, it said.

This development is expected to advance the country’s digital transformation and global connectivity, Converge said, noting that the company will now provide direct access to one of the most advanced international subsea cable systems.

“This milestone is more than a technological achievement — it’s a national enabler. With this critical infrastructure in place, we are not only enabling digital transformation but also creating new trade pathways and opportunities for the Philippines,” Mr. Uy said.

The expected commercial operations of the Bifrost Cable System are also seen to attract hyperscalers, data centers, and enterprise clients, and to provide secure and scalable international gateway access to North America and other regional hubs.

“This upgrade will empower businesses, financial institutions, tech companies, and the public sector to tap into a world-class infrastructure backbone that meets the demands of next-generation applications and global e-commerce,” Converge said.

Once the 20,000-kilometer (km) Bifrost Cable System is fully operational, Converge will be the exclusive Philippine partner operating the international cable landing station in Davao and will help position the country as a digital hub in Asia, Mr. Uy said.

Converge operates about 862,000 kilometers of fiber optic assets nationwide. The company also serves as a partner in international subsea cable systems such as the Bifrost and SEA-H2X, which aim to boost trans-Pacific and intra-Asia connectivity.

At the stock exchange on Thursday, shares in the company fell by 24 centavos, or 1.32%, to close at P17.96 apiece. — Ashley Erika O. Jose

Previous Post

Filipino talent shines in Freakier Friday

Next Post

LG drops latest AI-powered xboom lineup, in collaboration with will.i.am

Next Post
LG drops latest AI-powered xboom lineup, in collaboration with will.i.am

LG drops latest AI-powered xboom lineup, in collaboration with will.i.am

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Filipino farmers find stability through partnership with major food group

    Filipino farmers find stability through partnership with major food group

    August 8, 2025
    SNAP wins NordCham Community Impact Award for empowering its host communities

    SNAP wins NordCham Community Impact Award for empowering its host communities

    August 8, 2025
    Trump opens $9tn US retirement market to crypto in landmark executive order

    Trump opens $9tn US retirement market to crypto in landmark executive order

    August 7, 2025
    PHL economy expands 5.5% in Q2

    PHL economy expands 5.5% in Q2

    August 7, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.