Exclusive-Singapore, Vietnam firms in talks for new undersea cables, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
0mins
Source: Yahoo Finance
Undersea Cable Plans: Singapore's Keppel and Vietnam's Sovico Group are in discussions to develop new undersea fiber-optic cables aimed at enhancing the region's data center capabilities, with a direct link between Vietnam and Singapore being a key focus.
Geopolitical Considerations: The projects are influenced by U.S.-China tensions, as U.S. officials have advised against involving Chinese contractors, emphasizing the strategic importance of these cables in the broader tech competition between the two powers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
