Investing
KKR to invest $400 million in Malaysia subsea telco cable services firm
© Reuters.
SINGAPORE (Reuters) – U.S. private equity firm KKR has signed an agreement to invest $400 million in Malaysian subsea telecommunications cable services provider OMS Group, the companies said in a joint statement on Monday.
Additional details of the transaction were not disclosed in the statement.
The deal marks KKR’s latest investment in Southeast Asia digital infrastructure, adding to its existing investments that includes the regional data center of Singapore Telecommunications and Philippines-based digital infrastructure company Pinnacle Towers.
KKR’s investment will be used to accelerate OMS’ growth, including expanding fleet size and capabilities and investing in cable landing stations and subsea cable routes, the statement said.
Read the full article here
What to Do If TikTok is Banned — How to Protect Your Brand
10 Roles That Are Surprisingly Well-Suited for Outsourcing
How AI Can Make Us Better Leaders
How Pets Can Promote Better Health and Well-Being in the Workplace
Biden cancels more student loans with one week left to his term
10 Critical Questions to Ask Your Financial Advisor Now
10 Ways to Make Money As a Graphic Designer
If you are 60 years old, new 401(k) rules could save you money
Could Easier Cancellations Build Customer Loyalty?
Airbus keeps top spot with 766 jet deliveries in 2024 By Reuters
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Make Money7 days ago10 Critical Questions to Ask Your Financial Advisor Now
-
Make Money6 days ago10 Ways to Make Money As a Graphic Designer
-
Personal Finance5 days agoIf you are 60 years old, new 401(k) rules could save you money
-
Investing6 days agoCould Easier Cancellations Build Customer Loyalty?
-
Investing7 days agoAirbus keeps top spot with 766 jet deliveries in 2024 By Reuters
-
Investing4 days agoBank regulator gives BlackRock new deadline on bank stakes, Bloomberg reports By Reuters
-
Side Hustles6 days agoTrump’s 2025 Inaugural Committee Raises Record $170 Million
-
Passive Income7 days agoHow to Build a Solid Go-to-Market Strategy for 2025