Warburg-backed Converge ICT said to explore partnership with SpaceX

Warburg-backed Converge ICT said to explore partnership with SpaceX

Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX)Photographer: Patrick T. Fallon/Bloomberg

Converge ICT Solutions, a Warburg Pincus-backed fibre-optic broadband service provider in the Philippines, is exploring a possible satellite technologies venture with various firms, including Elon Musk’s Space Exploration Technologies Corp (SpaceX).

However, the Philippine-listed company stressed that it is still premature to talk about a possible partnership with SpaceX at this stage, downplaying local reports that said it is already in talks with the broadband satellite provider.

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