KKR is growing its Southeast Asia digital infrastructure presence with a plan to invest $400m (€379m) through telecommunications cable services provider OMS Group.
KKR, which is investing via its Asia infrastructure strategy, said it has agreed to commit the capital to help position OMS and accelerate its growth plan, which includes the expansion of its fleet and capabilities and investment in cable landing stations and subsea cable routes.
Founded in 1988, OMS is a neutral provider of solutions for subsea telecommunications cable services, including installation and maintenance projects. The company has a diverse fleet including cable ships and barges, as well as cable landing stations serving the global telecommunications market.
Projesh Banerjea, infrastructure director at KKR, said OMS has “established itself as a market leader with a longstanding track record of success and growth” in Southeast Asia.
He said: “Our tailored solution for OMS Group also creates strong adjacencies with KKR’s recent digital infrastructure investments and builds on long-term secular tailwinds in the region, including increased data consumption, enterprise cloud needs, a focus on digitalisation by governments and a booming digital economy.”
Datuk Soon Foo Lim, chairman of OMS, said: “OMS Group and KKR share the same vision and appreciation of the critical data infrastructure OMS Group builds and maintains for its clients.”
Ronnie Lim, OMS Group CEO, said: “KKR’s investment in OMS Group underscores the value of OMS Group’s capabilities, which provides immense economic value to communities, corporations, and countries around the world by constructing and maintaining critical subsea data infrastructure.
“Together with KKR’s strong track record in supporting and investing in data infrastructure assets and its platform-building expertise, OMS Group is in a stronger position to support its clients to build and maintain greater global connectivity.”
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