Philippine broadband provider spent ₱5.7 billion on capital expenditures in the first half, while slower growth and rising costs pressured earnings Converge ICT Solutions Inc. continued pouring money into its fiber network during the first half of 2026, betting that broader coverage will eventually produce new customers and recurring revenue even as the company’s profitability weakened. The Philippine broadband provider spent about ₱5.7 billion on capital expenditures and intangible assets during the six months ended June, more than double the roughly ₱2.6 billion spent in the comparable period a year earlier. Much of the investment supported continued network expansion, including Converge’s effort to deepen its presence in the Visayas and Mindanao and build approximately 900,000 additional fiber ports during the year. That spending underscores Converge's central challenge. The company must continue building infrastructure to secure future growth, but the financial returns...