In a strategic move to bolster its presence in the rapidly evolving Southeast Asian digital infrastructure landscape, U.S. private equity firm KKR has announced a substantial investment of $400 million in OMS Group, a Malaysian subsea telecommunications cable services provider.
The specifics of this substantial transaction have not been publicly disclosed at this time. However, the deal solidifies KKR’s commitment to the burgeoning digital infrastructure sector in Southeast Asia, marking another significant investment in the region.
KKR has established a prominent footprint in Southeast Asia, with existing investments that include a stake in Singapore Telecommunications’ (Singtel) regional data center, as well as a Philippines-based digital infrastructure company, Pinnacle Towers.
Furthermore, KKR’s global portfolio in the digital infrastructure space extends to CyrusOne, a renowned leader in the development and operation of sustainable, scalable, high-availability, and flexible data center solutions, and Global Technical Realty, a dynamic platform specializing in build-to-suit and roll-up acquisition data centers across Europe.
The infusion of $400 million investment by KKR into OMS Group will play a pivotal role in accelerating OMS’s expansion plans. The capital injection will support OMS Group in expanding its fleet size and capabilities, bolstering its cable landing stations, and enhancing its subsea cable routes. This investment not only showcases KKR’s faith in the growth potential of Southeast Asian digital infrastructure but also underlines the region’s significance in the global technology landscape.