KMH’s share of the total project costs as a joint build partner will be approximately US$350million ($467 million). Keppel T&T, Facebook and Telin have appointed Alcatel Submarine Networks (ASN) for the supply and installation works of the cable system.
Thomas Pang, CEO of Keppel T&T, says that the project is a transnational critical infrastructure which will enhance Singapore’s role as a digital hub.
SEE:Keppel T&T in partnership to enhance Singapore's Internet connectivity
“In line with Keppel’s asset-light model, we can also collaborate with funds managed by Keppel Capital to help provide funding for the project,” he adds.
Kevin Salvadori, vice president, network at Facebook, says that the company is committed to bringing more people online to a faster internet, to support the growth of digital economies, and to do this in collaboration with local partners.
Meanwhile, Sukardi Silalahi, CEO of Telin, says that the system will cater to a massive demand of internet from Indonesia to the world and vice versa.
As at 1.04pm, shares in Keppel Corporation are up 11 cents or 2.12% higher at $5.31.
