TYO:4390

2 stories mentioning TYO:4390Updated 20m ago

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IPS Plans 23 Billion Yen Investment in Wakayama Cable Landing Station

IPS (TYO:4390) plans to invest 23 billion yen in a new Wakayama cable landing station and Candle branch connection, aiming to diversify Kansai's concentrated landing infrastructure.Operated by subsidiary IPS Pro, the project is expected to generate revenue through backhaul, colocation and related services, according to a Tokyo bourse filing on Thursday.A final investment decision is expected in the second quarter of the current fiscal year, subject to ongoing evaluations and partner discussions.

TYO:4390

Asia23d ago

IPS Confirms No Employee Injured Following Mindanao Earthquake

IPS (TYO:4390) confirmed that none of its employees were injured after the Monday earthquake off the coast of Mindanao Island in the Philippines, according to a Tokyo bourse filing on Monday.Although commercial power was lost at one communications network site, causing a temporary service interruption, service has since been restored with no substantial damage.The tsunami had no impact on the Baler landing station, currently under construction.The company believes the impact on its business performance will be minimal, but said it will promptly notify of any significant future developments.IPS's shares were down 2% in recent trade.

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