OMS Group Allocates $300M for Subsea Cable Investments

OMS Group Press Release
September 23, 2024

KUALA LUMPUR, 23rd September 2024 — OMS Group, a global leader in integrated telecommunications infrastructure solutions, announced that it has set aside US$300 million for investments to expand its submarine cable systems and terrestrial infrastructure. This allocation of capital follows KKR’s investment in OMS Group in 2023.

The allocation enables OMS Group to develop its network further and provide businesses and organisations with essential connectivity infrastructure. By expanding its submarine cable systems and terrestrial infrastructure, the company aims to enhance connectivity between critical regions and support the increasing adoption of digital technologies.

Ronnie Lim, Group CEO at OMS Group, said, “Our strategic investment is a direct response to the evolving demands of the global digital ecosystem. The explosive growth of data centres, cloud services and the high utilisation rates of existing cable systems has created an urgent need to expand our infrastructure. 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 not only streamline access to our comprehensive services but also lay the groundwork for further expansion into the broader APAC market, ensuring that we meet the diverse and growing demands of our clients in this dynamic landscape.”

OMS Group will collaborate with telecommunications providers to advance essential infrastructure, using its long-term investment capital to help them transition capital expenditures into sustainable operating expenses. This partnership positions OMS Group to deliver scalable submarine cable solutions and a robust digital backbone crucial for regional digital transformation. The investment includes acquiring direct ownership of submarine cable systems and developing backhaul infrastructure from CLS to data centres, further enhancing its ‘platformisation’ strategy.

“Our expansion into direct asset ownership of submarine cable systems and CLS reflects our mission to enhance global connectivity, especially across Asia. This investment aligns with our vision to grow the global telecommunications infrastructure network and support the ever-increasing demand for data. By integrating terrestrial backhaul into our portfolio, we aim to provide a holistic solution that strengthens our role in the evolving telecommunications landscape,” said Rozaimy Rahman, CEO of Interconnect Managed Services.

OMS Group is one of the largest independent operators in this sector, with a diverse fleet that includes cable ships, barges, and cable landing stations that serve the global telecommunications market. OMS Group’s investments include Project MIST, an Intra-Asia subsea cable system spanning 8,100km with 216TB capacity 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, i.e., Malaysia, and Indonesia, owning dark fibres and licenses to operate network facilities and infrastructure in these countries.

“As we continue our journey at OMS Group, I am proud to highlight our ongoing investments in vessels, subsea networks through MIST, and robust terrestrial backhaul systems. These initiatives form a critical backbone for the region's digital economy and reinforce our commitment to comprehensive connectivity solutions. This expansion showcases our established capabilities, ensuring our clients can rely on our proven experience and infrastructure as we grow to meet their evolving needs,” said Datuk Lim Soon Foo, Chairman, OMS Group.

ENDS

Media Contacts:

Ellerique Shamsuddin, OMS Group
+603 5569 3881
[email protected]
Iain Twine, Liz Asri, FGS Global
+65 9109 1527
[email protected]

About OMS Group:
OMS Group is a global, neutral, and integrated telecommunications infrastructure company with a wide range of services covering subsea telecommunications installation and maintenance, digital infrastructure ownership, and digital infrastructure engineering, procurement, maintenance, and construction under our interconnect managed services division. Our capabilities include installation and repair of deep and shallow water subsea cable systems, permitting in principle acquisitions, project management, direct shore ends, engineering, and subsea surveys. We have a strong track record in constructing and owning cable landing stations and terrestrial dark fibre in Southeast Asia.