Fiber broadband provider Converge Information & Communications Technology Solutions Inc. is investing over $100 million (around P5 billion) for the Trans-Pacific Bifrost Cable System project that will significantly increase its internet speeds.
Converge will undertake the project through a partnership with Keppel Telecommunications & Transportation’s (Keppel T&T) wholly-owned subsidiary, Keppel Midgard Holdings Pte. Ltd. (KMH).
Keppel has signed a binding term sheet with Converge to grant the latter with an Indefeasible Right of Use (IRU) for one fibre pair on the main trunk of the Bifrost Cable System, which directly connects Singapore to the west coast of North America.
In addition, KMH and Converge will jointly develop a branch on the Bifrost Cable System that will land in Davao, Philippines, with Converge also being granted an IRU on the entire Davao branch.
Converge will be engaged as the landing party for the Davao branch segment. The additional branch will significantly increase internet speeds and network diversity for businesses and consumers in the Philippines.
“Our investment into one full fibre pair, connecting us to Singapore and the west coast of North America, will allow us to independently activate at will up to 15Tbps of capacity to either country using the latest technology,” said Dennis Anthony Uy, Converge chief executive officer (CEO).
