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KKR-backed Malaysian group OMS signs contract for cable-laying vessels with Dutch firm
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KKR-backed Malaysian group OMS signs contract for cable-laying vessels with Dutch firm
Nov 3, 2024 12:14 PM

SINGAPORE, Oct 28 (Reuters) - OMS Group, a KKR-backed

Malaysian subsea digital infrastructure company, said on Monday

it has signed a contract with Dutch maritime firm Royal IHC for

the construction of a series of cable-laying vessels.

OMS said in a statement that the new vessels will help it

meet the surge in telecoms demand and ramp up global

connectivity, with the first vessel expected to be delivered in

the first quarter of 2027.

The group did not disclose any financial details or the

total number of vessels to be constructed.

KKR invested $400 million in OMS Group in October

last year as part of its expansion in the digital infrastructure

space in Southeast Asia. OMS is a portfolio company of KKR,

according to the U.S.-based investment firm's website.

In June, OMS said it secured $292.5 million worth of loans

from a group of financial institutions including HSBC, E-Sun

Commercial Bank and SinoPac, with help from KKR.

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