Keppel, Converge enter into definitive agreements for Bifrost Cable System
The Bifrost Cable System will directly connect Singapore to the west coast of North America. Signed by Keppel T&T CEO Thomas Pang and Converge CEO Dennis Anthony Uy, the agreements provide for the grant of an Indefeasible Right of Use (IRU) to Converge for one fiber pair on the main trunk of Bifrost Cable System. In addition, KMH and Converge will jointly develop a branch on the Bifrost Cable System that will land in Davao, Philippines, with Converge also being granted an IRU on the entire Davao branch. Converge will also be appointed as the landing party for the Davao branch segment. Converge will invest over US$100 million (around P5 billion) for the whole project. “We are pleased to strengthen our relationship with Converge through our collaboration on this significant transnational infrastructure project. The Bifrost Cable System will enable greater ASEAN inter-connectivity, as well as greater connectivity between Southeast Asia and the west coast of North America, bringing significant benefits to the region’s governments, businesses and consumers,” said Pang. On the other hand, Uy said: “The additional Davao branch for the Bifrost Cable System will significantly increase internet speeds and network diversity for businesses and consumers in the Philippines for a better digital experience. Our investment into this cable system also gives us two direct international links, one going to Singapore and the other one going to North America with a design capacity of up to 15Tbps in each direction.”
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