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.