KKR to invest $400 million in Malaysia subsea telco cable services firm
SINGAPORE - U.S. private equity firm KKR has signed an agreement to invest $400 million in Malaysian subsea telecommunications cable services provider OMS Group, the companies said in a joint statement on Monday.The deal marks KKR's latest investment in Southeast Asia digital infrastructure, adding to its existing investments that includes the regional data center of Singapore Telecommunications and Philippines-based digital infrastructure company Pinnacle Towers.
KKR's investment will be used to accelerate OMS' growth, including expanding fleet size and capabilities and investing in cable landing stations and subsea cable routes, the statement said.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .