Keppel, through its connectivity division, has signed an indefeasible right of use (IRU) agreement with a global hyperscaler for the final remaining fiber pair on the Bifrost Cable System.
Bifrost is the world’s first subsea cable system directly linking Singapore to the United States’ West Coast via Indonesia through the Java Sea and Celebes Sea. Spanning more than 20,000 kilometers (12,427 miles), Bifrost supports artificial intelligence (AI) and cloud-native workloads and provides more than 240 terabits per second of additional Trans-Pacific capacity, enhancing the resilience of this critical digital corridor. Keppel’s investment in the Bifrost fiber pairs is held through a 40-60 joint venture with its private fund co-investors.
With this agreement, all five fiber pairs in Keppel’s Bifrost portfolio have been committed at an estimated total contract value of approximately $1.3 billion, including long-term cable operations and maintenance contracts. The five
