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Philippines' Converge in talks with SpaceX on broadband satellite service

·1 min read

MANILA, Feb 15 (Reuters) - Philippine fibre broadbandprovider Converge ICT Solutions Inc said on Monday itis holding talks with Elon Musk's SpaceX on a potentialbroadband satellite venture in the Southeast Asian nation.

In a stock exchange disclosure, Converge said it is lookingat satellite technologies, including that of Space ExplorationTechnologies Corp., to provide high-speed internet to remotePhilippine locations. "However, it is still very premature totalk about a possible partnership between Converge and SpaceX atthis stage," it said, confirming news reports over the weekend.(https://bit.ly/3jPJyRF)

SpaceX did not immediately respond to an e-mailed requestfor comment.

Converge's shares surged as much as 20% in early trade.(Reporting by Neil Jerome MoralesEditing by Ed Davies)