Push Admin

Converge, Keppel T&T sign 'definitive' deals for subsea cable system project

Article (news)

ABS-CBN News

<p>MANILA - Converge ICT Solutions Inc said Thursday it officially entered into &quot;definitive agreements&quot; with Keppel Telecommunications &amp; Transportation for participation in the Bifrost Cable System project.</p><p>The agreements provide for the grant of an &quot;indefeasible right of use&quot; to Converge for one fiber pair on the main trunk of the Bifrost Cable System, Converge said in a disclosure to the stock exchange.</p><p>Converge earlier said it would invest around $100 million (about P5 billion) to develop a branch of the Bifrost Cable System that would land in Davao.</p><p>“The additional Davao branch for the Bifrost Cable System will significantly increase internet speeds and network diversity for businesses and consumers in the Philippines for a better digital experience,&quot; said Converge CEO Dennis Anthony Uy.</p><p>Uy said the investment in the cable system would give 2 direct international links, one going to Singapore and one going to North America with a design capacity of 15 Tbps on each direction.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/21/21/converge-inks-deal-keppel-bifrost-cable-system">Converge inks deal with Keppel T&amp;T to take capacity from Bifrost Cable System</a></li></ul><p>&quot;The Bifrost Cable System will enable greater ASEAN inter-connectivity, as well as greater connectivity between Southeast Asia and the west coast of North America, bringing significant benefits to the region’s governments, businesses and consumers,&quot; said Keppel T&amp;T CEO Thomas Pang.</p><p>The 15,000-kilometer Bifrost Cable System will directly link Singapore to the west coast of North America and is expected to be completed in 2024, Converge said.</p><p>The cable system is the world’s first subsea cable system that directly connects Singapore to the west coast of North America.</p><p>Converge is a pure fiber data network and service provider in the Philippines. It aims to reach <a href="https://news.abs-cbn.com/business/03/11/21/converge-sets-p20b-capex-for-2021-eyes-55-pct-of-homes-nationwide">55 percent</a> of residential homes in the country by 2025. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/03/12/21/philippines-converge-says-talks-with-elon-musk-spacex-starlink-ongoing">&#x27;It&#x27;s on&#x27;: Philippines&#x27; Converge says talks with Elon Musk&#x27;s SpaceX Starlink ongoing</a></li></ul><div><strong>FROM OUR ARCHIVES: </strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1638204" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>Converge ICT Solutions Inc said Thursday it officially entered into "definitive agreements" with Keppel Telecommunications & Transportation for the participation in the Bifrost Cable System project.</p>

Converge ICT Solutions Inc said Thursday it officially entered into "definitive agreements" with Keppel Telecommunications & Transportation for the participation in the Bifrost Cable System project.