US private equity firm KKR (Kohlberg Kravis Roberts) has signed an agreement to invest US$400 million (S$548 million) in Malaysian subsea telecommunications cable services provider OMS Group, the companies said in a joint statement on Monday.
Additional details of the transaction were not disclosed in the statement.
The deal marks KKR's latest investment in Southeast Asia digital infrastructure, adding to its existing investments that include the regional data centre of Singapore Telecommunications and Philippines-based digital infrastructure company Pinnacle Towers.
KKR's investment will be used to accelerate OMS' growth, including expanding fleet size and capabilities and investing in cable landing stations and subsea cable routes, the statement said.
