KKR, a prominent global investment firm, and the parent entity of OMS Group, a distinguished telecom infrastructure organization, have confirmed the signing of definitive agreements.
This deal involves a $400 million investment from KKR in a customized solution for OMS Group, emphasizing the firm’s commitment to digital infrastructure in Southeast Asia and showcasing their belief in digitalization’s pivotal role in the region’s thriving internet economy.
Founded in 1988, OMS Group has carved a niche as a neutral provider, offering comprehensive solutions in subsea telecommunications cable services, spanning installation and maintenance.
The company boasts a robust track record of over three decades, delivering mission-critical services to a broad spectrum of clients, including top-tier subsea equipment providers, expansive cloud service platforms, and leading telecom entities. It has achieved international acclaim for its quality management system.
KKR’s strategic investment is set to propel OMS Group’s growth trajectory, facilitating an expansion in fleet size and capabilities, alongside investments in cable landing stations and subsea cable routes. This aligns with the growing global demand for extensive subsea cable services and cross-border data transmission.
Mr. Projesh Banerjea from KKR highlighted OMS Group’s market leadership and the growing demand for connectivity in Southeast Asia, expressing enthusiasm for this collaborative growth journey. OMS Group’s Chairman, Datuk Soon Foo Lim, and Group CEO, Mr. Ronnie Lim, both echoed these sentiments, underlining the shared vision between the two companies and OMS Group’s enhanced capability to support global connectivity.
This investment is primarily sourced from KKR’s Asia infrastructure strategy, adding to its impressive portfolio of digital infrastructure investments, both regionally and globally. The deal is anticipated to conclude by Q1 of 2024, pending customary closing conditions.
BusinessNewsAsia