Stavian and Midas Sign Digital Infrastructure MOU

Stavian Group Staff, Stavian Group
November 9, 2026

Stavian Group and Midas Capital signed a memorandum of understanding in Tokyo on November 9, 2026, setting out a framework for cooperation on submarine cables and digital infrastructure in Vietnam. The companies describe expected total investment of USD 1 billion, but that figure is not a financing close or a commitment to begin construction. Specific projects remain subject to assessment, due diligence, and later implementation agreements. For the subsea sector, the announcement establishes a cooperation framework rather than confirming that a new cable system is ready to proceed.

The MOU covers four areas: new international submarine cable systems, including connections with Japan; digital, data-center, and AI/SI infrastructure; mobilization of financial resources and international partners; and technology transfer, operating standards, and workforce development. Stavian is to lead project development and investment procedures in Vietnam. Midas is to help bring together financial resources, technology partners, and institutions in Japan and internationally. That division of responsibilities gives the framework both a Vietnam-based development role and an international partnership role, although individual implementation arrangements still need to follow.

A key project identified in the announcement is MViSTA, an open submarine cable system planned to connect Vietnam, Malaysia, Singapore, and Thailand. The proposed system would span about 2,500 kilometers, with a design capacity of 400 terabits per second across 16 fiber pairs. Stavian Group, Midas Capital, OMS Group, and LitUp are named as strategic investors. Those specifications describe the planned network, not capacity already available to customers. The MOU also should not be confused with the older MViSTA supplier-selection milestone previously covered by SubTel Forum.

The broader significance is the framework's effort to connect international cable development with the digital facilities, partnerships, operating practices, and workforce needed around it. For non-industry readers, the distinction matters: planning a cable route is only one part of developing digital infrastructure, and this agreement addresses several related areas together. The next confirmed work is project assessment and due diligence, followed by subsequent implementation agreements. The announcement does not establish financial close, a system-supplier award, a construction start, or a ready-for-service date, leaving those potential milestones outside the scope of the signed MOU.

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