Fiber broadband provider Converge ICT Solutions Inc. yesterday signed a definitive agreement with Keppel Telecommunications & Transportation’s (Keppel T&T) wholly-owned subsidiary, Keppel Midgard Holdings Pte. Ltd. (KMH), for around a P5-billion investment in the Bifrost Cable System project.
The two firms signed the agreement virtually for the participation of Converge in the Bifrost Cable System project linking to Singapore and to the west coast of North America.
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.
“The additional Davao branch for the Bifrost Cable System will significantly increase internet speeds and network diversity for businesses and consumers in the Philippines for a better digital experience. Our investment into this cable system also gives us two direct international links, one going to Singapore and the other one going to North America with a design capacity of up to 15Tbps in each direction,” said Dennis Anthony Uy, Converge chief executive officer (CEO).
Expected to be completed in 2024 and spanning over 15,000 kilometers, the Bifrost Cable System is the world’s first subsea cable system that directly connects Singapore to the west coast of North America via Indonesia through the Java Sea and Celebes Sea. It will connect Singapore, Indonesia, the Philippines, Guam and the west coast of North America. – Myla Iglesias
