OMS Group plans to invest $300 million in its global cable systems and terrestrial infrastructure.
In a recent LinkedIn post, the company announced that it would be expanding its submarine cable systems and terrestrial infrastructure to meet the growing demand for connectivity in the light of data center and cloud service growth.
Datuk Lim Soon Foo, chairman of the OMS Group, added: “ I am proud to highlight our ongoing investments in vessels, subsea networks through MIST, and robust terrestrial backhaul systems. These initiatives form a critical backbone for the region's digital economy and reinforce our commitment to comprehensive connectivity solutions.”
The investment will allow the company to acquire direct ownership of subsea cables and enhance its backhaul capabilities.
Earlier this year, OMS Group secured $300 million in loans through a syndicated facilities agreement with a financial institution consortium to expand its cable ship fleet.
This comes a year after KKR invested $400 million into the company.
Founded in 1983, OMS Group is based in Selangor, Malaysia, and operates six cable laying and repair vessels. The most recent, the CS Cable Vigilance, launched in 2022 – as well as two barges and three tug boats.
The company is currently investing in the MIST subsea cable, an APAC cable connecting Malaysia, India, Singapore, and Thailand.
Earlier this month, its subsidiary, LitUp Networks signed a MoU with International Gateway for improved network connectivity and digital infrastructure in Thailand and the ASEAN region.
