FINWIRES · TerminalLIVE
FINWIRES

Keppel Signs 25-Year Subsea Fiber Deal with Telstra on Bifrost Cable System

By

Keppel (SGX:BN4) signed a 25-year Indefeasible Right of Use (IRU) agreement with Telstra International for a fiber pair on the Bifrost Cable System, according to a Friday filing with the Singapore Exchange.

This follows the signing of a binding term sheet between the two companies in January this year, the filing said.

Under the agreement, Telstra will secure an exclusive fiber pair on the Bifrost Cable System, a subsea cable system directly linking Singapore to the west coast of USA via Indonesia through the Java Sea and Celebes Sea.

The Bifrost system supports AI workloads and cloud-native platforms and offers a round-trip latency of nearly 165 milliseconds.

Keppel's investment in the Bifrost fiber pairs was carried out through a 40-60 joint venture with private fund co-investors. The JV vehicle currently owns and manages five distinct fiber pairs within the transpacific network.

The company is now in talks with potential customers on the remaining high-bandwidth pairs, with contracts expected to be signed during the first half of the year.

Related Articles

Asia

Toyo Tire's Profit Climbs 15% in Q1

Toyo Tire's (TYO:5105) profit attributable to owners of the parent rose 15% to 15.5 billion yen for the first quarter from 13.5 billion yen a year earlier.The tire and rubber product manufacturer's net sales slipped 3.4% to 131 billion yen for the three months ended March 31 from 136 billion yen in the prior year, according to a Tokyo bourse filing on Friday.In a separate disclosure, Toyo Tire said the Middle East situation is expected to hit operating income by 16.6 billion yen, but expects to mitigate the impact through multiple measures.For the year ending Dec. 31, the company kept its operating income forecasts intact at 94 billion yen and annual dividend estimate unchanged at 135 yen per share.

TYO:5105
Asia

VPower Group's Offshore Debt Restructuring Agreement Lapses; Shares Plunge 29%

VPower Group's (HKG:1608) proposed offshore debt restructuring lapsed after failing to become effective by the longstop date, according to a Thursday Hong Kong bourse filing.Shares of the distributed power provider were down over 29% in late morning trade on Friday.The restructuring agreement, signed in November 2025, covered about HK$2.08 billion in offshore debt and included plans to extend remaining maturities by 5.5 years from Sept. 2, reduce interest rates and waive certain existing breaches.Upon completion, the offshore debt would have been reduced to a restated principal of about HK$1.38 billion.VPower said no agreement had been reached with lenders to further extend the longstop date under the restructuring master agreement.The company said it is continuing to work with professional advisers on a holistic restructuring solution for its offshore debts and other outstanding obligations.

HKG:1608
Asia

Alibaba Health Seeks 10 Billion Yuan Share Premium Cut to Support Dividends; Shares Fall 7%

Alibaba Health Information Technology (HKG:0241) proposed a 10 billion yuan reduction in its share premium account to facilitate dividend distributions, according to a Thursday Hong Kong bourse filing.Shares of the digital health service provider fell 7% in late morning trade on Friday.The company said the proposed reduction would transfer the amount from its share premium account to contributed surplus, enabling payment of a final dividend and a special dividend for the year ended March 31.Alibaba Health proposed a final dividend of 0.0595 yuan per share and a special dividend of 0.1352 yuan per share.The company said the proposal was necessary because it had insufficient contributed surplus available for distribution.Alibaba Health's share premium account stood at about 51.7 billion yuan as of March 31, the filing showed.

HKG:0241