OMS installs undersea cable for technology and telecommunications companies and has offices in Malaysia, Singapore and Indonesia, according to its website.
Discussions could still be delayed or fall apart and details of a deal haven’t been finalized, the people said. A representative for KKR declined to comment, while a representative for OMS didn’t immediately respond to requests for comment.
Global investors have been eyeing assets including data centres, phone towers, fibre and submarine cable in Asia as increasing digitization in the region sparks demand for infrastructure. Earlier this year, PLDT Inc., based in the Philippines, agreed to sell a portfolio of telecommunications towers to a firm backed by KKR for over 12.1 billion pesos ($291.6 million). Data centre companies including ST Telemedia Global Data Centres, which is backed by Temasek Holdings Pte, and China’s GDS Holdings Ltd. are also seeking to raise funds by bringing in new global investors, Bloomberg News has reported.
OMS has done sub-sea cable installation and maintenance projects for the past three decades, including the Papua New Guinea National Submarine Fiber Cable Network and the South-East Japan Asia Japan Cable System 2, according to its website. Its fleet includes Cable Vigilance, a 5,448 gross tonnage cable-laying and repair ship.
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The Malaysian company had been weighing a listing in Kuala Lumpur as soon as this year in a deal that could have helped it raise as much as US$300 million, Bloomberg News reported last year.
