Announced
Completed
Financials
Sources
Tags
Acquisition
Private
IT Services: Other
Philippines
Private Equity
ict solutions
Single Bidder
Friendly
Completed
Majority
Synopsis
Warburg Pincus, a US-based investment fund, completed its $250m investment in Converge ICT Solutions, a major provider of telecommunication and cable television services in the Philippines. The fresh funds would help Converge roll out infrastructure as it aims to capture 30% of the country’s broadband market in the coming years. “This partnership marks our first significant investment in the Philippines,” Saurabh Agarwal, Warburg Pincus, Managing director.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.