KUALA LUMPUR: OMS Group, an integrated telecommunications infrastructure company, has earmarked US$300 million for the expansion of its submarine cable systems and terrestrial infrastructure.
The company aims to improve connectivity between key regions and support the growing adoption of digital technologies.
This capital investment follows the 2023 funding from US private equity firm KKR & Co.
According to OMS, this allocation will enable the company to further develop its network and provide businesses and organisations with critical connectivity infrastructure.
"OMS 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 the company 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 cable landing stations (CLS) to data centres, further enhancing its 'platformisation' strategy," it added.
OMS group chief executive officer Ronnie Lim stated that their strategic investment is a proactive response to the shifting needs of the global digital landscape.
He stated that the rapid expansion of data centres, cloud services, and the high usage of current cable systems have generated an urgent requirement to enhance infrastructure.
"As part of this vision, we aim to be a one-stop shop for client needs across subsea, 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," he adds.