KKR to Invest $400 Million in Malaysian Telecom Subsea Company
Posted on 10/31/2023
KKR agreed to commit US$ 400 million into the parent company of Malaysia-based OMS Group Sdn. (Optic Marine Group), a telecom infrastructure company and provider of subsea cable services. This marks KKR’s latest digital infrastructure investment in Southeast Asia. Founded in 1988, OMS Group is a neutral provider of integrated solutions for subsea telecommunications cable services, including installation and maintenance projects. KKR’s investment positions OMS Group well to accelerate its growth, including through expanding its fleet size and capabilities and investing in cable landing stations and subsea cable routes to serve global fast-growing cross-border data transmission trends and the demand for comprehensive subsea cable services. KKR is making this investment primarily from its Asia infrastructure strategy. The transaction is expected to be completed by Q1 of 2024, subject to customary closing conditions. The deal was revealed on October 29, 2023.
