By Yantoultra Ngui

SINGAPORE, Sept 30 - Malaysian telecom infrastructure

and subsea cable services company OMS Group will revisit its

plan for an initial public offering in the next few years and is

not ruling out a listing on the domestic stock exchange, its top

executive said.

OMS shelved its Malaysian IPO plan last year as KKR

invested $400 million in the company as part of the global

investment firm's expansion into digital infrastructure in

Southeast Asia.

"An IPO is certainly something to consider in the future,"

OMS Group's deputy CEO Richard Sun told Reuters on the sidelines

of the Submarine World Networks World 2024 industry conference

last week in Singapore.

"As for the listing venue, it is still early days. When the

time comes, we will explore the most suitable options including

Malaysia," he said, without giving details.

In June, OMS announced it secured $292.5 million worth of

loans from a group of financial institutions including HSBC,

E-Sun Commercial Bank and SinoPac, with KKR's facilitation.

OMS Group will use the capital to expand, including adding

newly built vessels by 2029 to its current fleet size of five,

Sun said.

It is also growing its interconnect managed services (IMS)

or cable landing stations and subsea cable routes business

launched five years ago, and expects the business to contribute

significantly to its revenue in the next five years, he added.

The company currently has cable landing stations and subsea

cable routes business operations in Malaysia, Singapore,

Indonesia and Thailand, according to Sun.

"We're looking at Vietnam and the Philippines," Sun added.

"Essentially, what we are becoming is a one stop shop solution

for connectivity requirements within the Southeast Asia region."