Warburg Pincus tips Converge to sustain rapid growth
Philippines-based broadband provider Converge ICT has completed the country’s largest-ever IPO on the back of a tenfold expansion in the past four years as local consumers sign up to highspeed internet services previously unavailable to them.
“As it comes to telecom infrastructure, the Philippines is really frozen in time,” said Saurabh Agarwal, a managing director at Warburg Pincus, which invested in Converge last year. “There is very...
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