Post Reply
121-140 of 7145
Keppel inks further Bifrost deal with Telstra, in &lsquo advanced&rsquo talks with more customers
It aims to sign contracts for the remaining fibre pairs in H1 this year
[SINGAPORE] Asset manager Keppel : BN4 -0.93% on Friday (May 15) announced a definitive 25-year deal with the global arm of Australian telco Telstra for a fibre pair on the Bifrost Cable System.
Spanning over 20,000 km, Bifrost is the world&rsquo s first subsea cable system linking Singapore directly to the US West Coast, via the Java and Celebes seas. It supports artificial intelligence workloads and cloud-native platforms, with commercial traffic having started in December 2025.
Keppel and Telstra International inked a binding term sheet in January, though the telco was not named at the time.
Three of the five fibre pairs in Bifrost are now committed to customers. Keppel is in &ldquo advanced discussions&rdquo with potential customers on the remaining two fibre pairs, with contracts targeted to be signed in the first half of this year.
The Telstra deal involves an indefeasible right of use (IRU) agreement, which is a long-term, irrevocable contract in telecommunications that grants exclusive and secure access to a portion of network capacity.
Finalising the IRU agreement &ldquo reflects the growing traction of Bifrost amid growing demand for high-quality digital connectivity infrastructure globally&rdquo , said Manjot Singh Mann, chief executive officer of Keppel&rsquo s connectivity business.
Roary Stasko, Telstra International&rsquo s CEO, noted that the Singapore-US route is &ldquo one of the world&rsquo s most important digital corridors, connecting fast-growing Asian markets to global cloud and content hubs&rdquo .
Bifrost has branching units extending connectivity to Jakarta and Manado in Indonesia, Davao in the Philippines, and Winema, Oregon in the US.
Keppel&rsquo s investment in the Bifrost fibre pairs is held through a 40-60 joint venture with its private fund co-investors.
Its shares ended Friday at S$10.60, down by S$0.10 or 0.9 per cent.
SBB today - 500,000 shares bought at 10.59 to 10.75 ($5,334,838)
Keppel inks definitive agreement with Telstra International for Bifrost Cable System
https://links.sgx.com/1.0.0/corporate-announcements/1HHDYNZKW7DO2OWI/888994_20260515_MREL_Keppel%20signs%20definitive%20agreement%20with%20Telstra%20for%20a%20fibre%20pair%20on%20Bifrost%20Cable%20System.pdf
AI predicts a 70% approval ..
Newbie2025 ( Date: 15-May-2026 13:00) Posted:
|
I see, Sir
Bcos of national security issue, tat's y it is taking awhile to resolve. Next wk shd hv some light on it..
newbie19 ( Date: 15-May-2026 11:22) Posted:
|
Yes very lightly will go through
.Analysts predict a positive outcome, they note that IMDA is taking
it's time to thoroughly resolve complex infrastructural and national security issues.
YuanLong94 ( Date: 15-May-2026 10:16) Posted:
|
M1 deal will definitely go through
if you read do some google
there is talk on future regulation to speed up such thing
Haa
if you read do some google
there is talk on future regulation to speed up such thing
Haa
Newbie2025 ( Date: 15-May-2026 10:11) Posted:
|
Sirs, is it most likely M1 sale not proceeding but analyst mentioned highly to go ahead but under certain condition?
Any idea?
Yes Sir, u r right, have to be patient, there is always up and down and more impt is to wait next wk abt M1 sale. The price hinges on the outcome next week..😂 😂 😂
JurongW ( Date: 14-May-2026 15:51) Posted:
|
SBB today - 400,000 shares bought at 10.73 to 10.90 ($4,327,864)
Really on a downards trend. Support level should be around 10.20-10.50 before it starts to go up again.
In the mean time, do not bother to look at the price.
Everyday down trend, no eye to see.
Look back later next week again.
In the mean time, do not bother to look at the price.
Everyday down trend, no eye to see.
Look back later next week again.
Share price move in wave patterns - Now its wave down after wave up for so long.
As long as keppel business fundamentals remain strong, and as long term investors, we need to be patient and wait for next wave up.
Do u agree?
As long as keppel business fundamentals remain strong, and as long term investors, we need to be patient and wait for next wave up.
Do u agree?
Newbie2025 ( Date: 14-May-2026 15:35) Posted:
|
Sir, now Keppel going South, is it bcos the sale of M1 is likely not proceeding?..😂 😂 😂
JurongW ( Date: 13-May-2026 19:17) Posted:
|
Envisioning the long-term price target
SBB today - 200,000 shares bought at 10.88 to 10.99 ($2,187,195)
SBB today - 400,000 shares bought at 10.82 to 10.88 ($4,341,286)
Stock is either up or down lol
Keppel will slowly buy 400,000 share on daily basis
another 55 time to use up the 200 million plus or buyback 23million share
July Announcement
August Dividends
Let wait and see at the price at year 2030 =) New Keppel
Keppel will slowly buy 400,000 share on daily basis
another 55 time to use up the 200 million plus or buyback 23million share
July Announcement
August Dividends
Let wait and see at the price at year 2030 =) New Keppel
geographic ( Date: 12-May-2026 12:51) Posted:
|
Keppel sale is still ongoing. Hopefully, it will not turn into a Great Singapore Sale!
