Allen & Gledhill advised Keppel Telecommunications & Transportation Limited on the joint build agreement to jointly own and develop the Bifrost Cable System, with a subsidiary of Facebook Inc. and PT. Telekomunikasi Indonesia International, a subsidiary of PT Telkom Indonesia (Persero) Tbk.
Keppel Telecommunications & Transportation’s (Keppel T&T) announced its wholly-owned subsidiary Keppel Midgard Holdings Pte. Ltd. (KMH) has been granted a Facilities-Based Operator (FBO) licence by the Infocomm Media Development Authority of Singapore (IMDA). The FBO licence will allow KMH to own, maintain and operate telecoms infrastructure in Singapore and to provide telecommunications services in connection with the Bifrost Cable System.
KMH’s share of the total project costs in the Bifrost Cable System as a joint build partner will be approximately US$350 million (approximately S$467 million).
Spanning over 15,000 kilometres, the Bifrost Cable System is the world’s first subsea cable system that directly connects Singapore to the west coast of North America via Indonesia through the Java Sea and Celebes Sea, the Philippines and Guam. The Bifrost Cable System will be the largest capacity high-speed transmission cable across the Pacific Ocean when it is completed in 2024, and will support and accelerate the connectivity needs of the South-east Asia region by providing not only seamless direct connectivity to North America, and low latency, but also network diversity.
The Bifrost Cable System is also the first subsea cable project undertaken by the Keppel group and marks the start of Keppel T&T’s subsea cable business.
The Allen & Gledhill team included Partners Tan Wee Meng (Picture) and Yeo Boon Kiat.
Law Firms: Allen & Gledhill LLP;