Keppel unit secures FBO licence to launch subsea business

9 Apr 2021

The Straits Times reports that Keppel Telecommunications & Transportation (Keppel T&T) subsidiary, Keppel Midgard Holdings, has been issued with a facilities-based operator (FBO) licence by Singapore’s Infocomm Media Development Authority (IMDA), allowing it to own, maintain and operate telecoms infrastructure in the city-state. It is understood that the Keppel unit will use the FBO to launch services over the planned Bifrost Cable System, which the parent group is looking to build (with partners Facebook and Telin) and which will directly connect Singapore to the west coast of North America via Indonesia through the Java Sea and Celebes Sea. Announced late last month, the Bifrost Cable System is scheduled to be ready for service (RFS) in 2024 and will span over 15,000km.

Commenting on the award, Thomas Pang, chief executive officer of Keppel T&T, said: ‘Securing the FBO licence is an important milestone for Keppel as it marks the start of our subsea cable business in Singapore [and will] strategically strengthen and broaden the group’s play across the spectrum of data communications.’ He added: ‘Drawing from our experience in Bifrost, we will also explore other opportunities in subsea cables.’

Singapore, Info-communications Media Development Authority (IMDA)