Converge Information and Communications Technology Solutions, Inc. has inked a PHP 3 billion term loan agreement with state-owned Land Bank of the Philippines (LANDBANK) to fund the completion of its terrestrial and subsea domestic fiber backbone network, as well as support the working capital requirements of the internet service provider. The total loan package from LANDBANK will also include an additional short term loan line as well as a facility for its trade transactions amounting to up to PHP 2 billion.