Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

BRIEF-Keppel Signs Deal With Converge To Take Capacity On Bifrost Cable System

Published 04/21/2021, 08:56 AM
Updated 04/21/2021, 09:00 AM

April 21 (Reuters) - Keppel Corporation Ltd KPLM.SI :
* KEPPEL SIGNS BINDING TERM SHEET WITH CONVERGE TO TAKE
CAPACITY
ON TRANS-PACIFIC BIFROST CABLE SYSTEM
* SIGNS BINDING TERM SHEET WITH CONVERGE
* KEPPEL MIDGARD HOLDINGS SIGNED A BINDING TERM SHEET WITH
CONVERGE INFORMATION & COMMUNICATIONS TECHNOLOGY SOLUTIONS
* CONVERGE WILL INVEST OVER US$100 MILLION FOR WHOLE PROJECT
* INVESTMENT INTO ONE FULL FIBRE PAIR WILL ALLOW US TO
INDEPENDENTLY ACTIVATE AT WILL UP TO 15TBPS OF CAPACITY TO
EITHER COUNTRY
* TO GRANT CONVERGE INDEFEASIBLE RIGHT OF USE FOR 1 FIBRE
PAIR ON
MAIN TRUNK OF BIFROST CABLE SYSTEM
* KMH AND CONVERGE TO JOINTLY DEVELOP BRANCH ON BIFROST
CABLE
SYSTEM THAT WILL LAND IN DAVAO, PHILIPPINES

Source text for Eikon: ID:nSNZ6NTrhX
Further company coverage: KPLM.SI

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.