Exclusive-Singapore, Vietnam firms in talks for new undersea cables, sources say By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
0mins
Source: Investing.com
Undersea Cable Plans: Keppel and Sovico Group are in discussions to establish new undersea fiber-optic cables to enhance Southeast Asia's data centre industry, with Vietnam planning to add 10 new submarine cables by 2030 to meet rising demand for AI services.
US-China Competition: The projects are influenced by geopolitical tensions, as U.S. officials have advised against involving Chinese contractors in the cable construction, aiming to mitigate risks associated with China's growing influence in the region's tech infrastructure.
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.
