- Following KKR’s funding in OMS in 2023, the money was allocated.
- Will partner telecoms providers to enhance system, change capex into green operating expenses
.jpg "OMS Group allocates US$300 mil for investments in Global Cable Systems and Terrestrial Infrastructure")
OMS Group, a global leader in integrated telecommunications infrastructure solutions, announced that it has set aside US$ 300 million ( RM1.25 billion ) for investments to expand its submarine cable systems and terrestrial infrastructure. According to the business, this capital allocation comes after KKR invested in OMS Group in 2023.
The funding will help the group expand its network and offer businesses and organizations with important connectivity infrastructure. The company hopes to improve connectivity between crucial regions and encourage the expansion of modern technologies by expanding its submarine cable networks and earth infrastructure.
Ronnie Lim, party CEO at OMS Group, said,” Our funding is a direct reaction to the growing demands of the global digital habitat. The growth of data areas, cloud solutions, and the higher consumption rates of existing wire systems have created an urgent need to develop our system. 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”.
This integrated approach will facilitate access to our extensive services while even laying the foundation for our development into the larger APAC market, ensuring that we can satisfy the diverse and expanding needs of our clients in this dynamic environment.
Utilizing its long-term investment capital to aid them in transitioning capital expenditures into green operating costs, OMS Group will work with telecom providers to progress crucial infrastructure. The group is positioned to deliver strong digital backbone and scalable submarine cable solutions, which are essential for regional digital transformation. The investment includes developing uplink system from Constructors to data centers, which will further strengthen its “platformization” approach.
” Our move to guide asset ownership of submarine cable networks and CLS is in line with our goal to improve global connection, particularly in Asia. This purchase is in line with our goal of expanding the world’s system of telecommunications infrastructures and addressing the growing data demand. By incorporating earth downlink into our profile, we aim to offer a complete complement to our existing position in the changing telecommunications landscape, according to Rozaimy Rahman, CEO of Interconnect Managed Services.
With a different fleet of cable ships, barges, and cable docking stations serving the international communications industry, OMS Group is one of the largest separate operators in this sector. The team’s investments include Project MIST, an intra-Asia deepwater cable system stretching 8, 100 miles with a 216 TB ability, connecting Malaysia, India, Singapore, and Thailand through landing points in Chennai and Mumbai. Additionally, LitUp Network, a subsidiary of OMS Group, has developed four CLSs and network support facilities in Southeast Asia, including Malaysia, Indonesia, and Singapore, owning dark fibers and licenses to operate network facilities and infrastructure in these countries.
I’m proud to highlight our ongoing investments in vessels, subsea networks, robust terrestrial backhaul systems as we move forward with our company, OMS Group. These initiatives strengthen our commitment to comprehensive connectivity solutions and serve as a crucial backbone for the region’s digital economy. Our clients can rely on our proven experience and infrastructure as we develop to meet their changing needs, according to Lim Soon Foo, chairman of OMS Group.