KKR, a global investment firm and the parent company of OMS Group, a leading telecom infrastructure company and provider of subsea cable services, has announced its latest digital infrastructure investment in Southeast Asia.
KKR says it has signed definitive agreements under which it will commit US$400 million in a tailored solution for OMS Group. The transaction is expected to be completed by Q1 of 2024.
Founded in 1988, OMS Group is a neutral provider of integrated solutions for subsea telecommunications cable services, including installation and maintenance projects. Today, OMS Group is one of the largest independent operators in this sector, with a diverse fleet including cable ships and cable barges, as well as cable landing stations serving the global telecommunications market. It has a strong track record in constructing and owning cable landing stations and terrestrial dark fibre in Southeast Asia.
KKR says its 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. This transaction adds to KKR’s track record of investing in digital infrastructure regionally and globally. Past KKR investments in Southeast Asia digital infrastructure have included the regional data centre platform of Singtel, a leading Asian communications technology group headquartered in Singapore, and Pinnacle Towers, a digital infrastructure platform in Asia with a strong focus on the Philippines.