Converge, Singapore's Keppel T&T ink 'definitive' deals for underwater cable system

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Metro Manila (CNN Philippines, May 27) — Philippine internet service provider Converge ICT Solutions Inc. is officially taking part in the construction of a new subsea cable system as it entered into "definitive agreements" with Keppel Telecommunications & Transportation.

The listed fiber internet provider on Thursday said it is set to spend approximately ₱5 billion for the whole Bifrost Cable System.

The undersea cable system — which will span more than 15,000 kilometers — aims to directly link Singapore, Indonesia, the Philippines, Guam, and the west coast of North America.

Under the agreements, Converge has been granted an Indefeasible Right of Use (IRU) for one fiber pair on the main trunk of Bifrost Cable System.

Both parties will also establish a branch on the underwater cable system that will land in Davao. Converge, meanwhile, will be appointed as the landing party for the Davao branch segment.

"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," Dennis Anthony Uy, CEO of Converge, was quoted as saying in a disclosure to the local bourse.

"Our investment into this cable system also gives us two direct international links, one going to Singapore and the other one going to North America with a design capacity of up to 15Tbps (terabits per second) in each direction," the Pampanga-based businessman added.

The Bifrost Cable System project is expected to be completed by 2024, Converge ICT said.