OMS Group announced the signing of a syndicated facilities valued at US$292.5M (“facilities”) with a consortium of prestigious financial institutions comprising HSBC, Affin Bank Berhad, Affin Hwang Investment Bank Berhad, BDO Capital & Investment Corporation, E-Sun Commercial Bank Ltd. and SinoPac Co. Ltd, with KKR Capital Markets facilitating this exercise.

Recently executed in Singapore, the facilities will enable OMS Group to expand its fleet and continue building its expertise in subsea telecommunications, meeting the increasing global demand for robust and reliable underwater communications infrastructure.

In October 2023, KKR and OMS Group signed a definitive agreement, with KKR committing US$ 400 million investment to bolster OMS Group's fleet expansion and enhance cable landing stations.

Founded in 1988 in Malaysia, OMS Group is a global, neutral and integrated telecommunications infrastructure company with a wide range of services covering subsea telecommunications installation and maintenance, digital infrastructure ownership and digital Infrastructure engineering, procurement, maintenance and construction. OMS Group has a strong track record in constructing and owning cable landing stations and terrestrial dark fiber in Southeast Asia.

HSBC Bank Malaysia Berhad was locally incorporated in 1984 and is a wholly-owned subsidiary of The Hongkong and Shanghai Banking Corporation Limited, founding member of the HSBC Group. In 2007, HSBC Bank Malaysia was the first foreign bank to be awarded an Islamic banking subsidiary licence in Malaysia, namely HSBC Amanah Malaysia Berhad.

Affin Bank Berhad (also known as AFFIN Group) operates as the financial holding entity of Affin Islamic Bank Berhad, Affin Hwang Investment Bank Berhad, Affin Moneybrokers Sdn Bhd. Generali Insurance Malaysia Berhad and Generali Life Insurance Malaysia Berhad are affiliated companies of Affin Bank Berhad. AFFIN Group provides an array of financial products and services catering to individual, enterprise, commercial, and corporate clients.  

The facilities will enhance OMS Group’s global capabilities, solidifying its position as a key player in the subsea telecommunications industry.

OMS Group’s expansion is set to create numerous opportunities within the industry, fostering economic growth and technological advancement.