European Investor
23 Jan 2026, 12:41
Keppel has signed a binding term sheet with a global telecommunications company to grant a 25-year Indefeasible Right of Use (IRU) for a fibre pair on the Bifrost subsea cable system. The definitive agreement, including operations and maintenance services, is targeted for completion in the second quarter of 2026.
The Bifrost system, which became ready for service in October 2025, is the world’s first subsea cable directly connecting Singapore to the US West Coast via Indonesia. Spanning more than 20,000 km, it is designed to support AI and cloud workloads, offering lower latency and over 240 Tbps of additional trans-Pacific capacity. Keppel said strong demand from global telcos and cloud players has driven improved pricing and confirms the strategic value of the asset.
The Bifrost system, which became ready for service in October 2025, is the world’s first subsea cable directly connecting Singapore to the US West Coast via Indonesia. Spanning more than 20,000 km, it is designed to support AI and cloud workloads, offering lower latency and over 240 Tbps of additional trans-Pacific capacity. Keppel said strong demand from global telcos and cloud players has driven improved pricing and confirms the strategic value of the asset.