OMS Group allocates US$300 mil  for investments in Global Cable Systems and Terrestrial Infrastructure

Quick Summary:

The capital allocation comes in the wake of KKR's investment in OMS in 2023

Will partner telecom providers to enhance infrastructure, convert capex into sustainable operating expenses OMS Group, a global leader in integrated telecommunications infrastructure solutions, announced that it has set aside US$300 million (RM1.25 billion) for investments to expand its submarine cable systems and terrestrial infrastructure.

As part of this vision, we aim to be a one-stop shop for client needs across subsea, Cable Landing Stations (CLS), and terrestrial networks, starting with the Asean region.”

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Article Details

Author / Journalist: Gerry Wong

Category: EconomyStartupsBusiness

Markets: MalaysiaCambodiaChinaFranceIndiaIndonesiaSingaporeThailand

Topics: Digital Terrestrial Telecommunications Group Systems Network Investment Global Submarine Infrastructure Cable

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 06:29:16 (6 days ago)

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Digital News Asia

News ID: 22651401

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