Converge ICT Solutions, Inc., a publicly traded fiber internet company, reported on Wednesday that it will spend more than $100 million in a modern transpacific cable infrastructure to boost internet speeds and network diversity in the region.
In an emailed comment, Converge Chief Executive Officer and Co-Founder Dennis Anthony H. Uy said, “Our investment into one complete fiber pair, connecting us to Singapore and the west coast of North America, will enable us to independently unlock at will up to 15Tbps (terabits per second) of bandwidth to any country using the new technologies.”
Converge said it signed a contractual term sheet with Keppel Midgard Holdings Pte. Ltd., a wholly owned subsidiary of Singapore’s Keppel Telecommunications & Transportation, granting the Philippine fiber internet company a “indefeasible right of usage,” or IRU, for one fiber pair on Bifrost Cable System’s main trunk.
According to the official website of Submarine Cable Networks, a supplier of consultancy services on the design, development, maintenance, and promotion of submarine optical, the Bifrost Cable System is a transpacific cable system linking Singapore, Indonesia, the Philippines, Guam, and the west coast of the United States. Facebook, PT. Telekomunikasi Indonesia International, and Keppel Telecommunications & Transportation collaborated on the cable scheme.
The modern transpacific cable line, which spans 15,000 kilometers, is scheduled to be finished in 2024.
Converge would collaborate with Keppel Midgard to construct a branch of the Bifrost Cable System in Davao.
The additional branch, according to Converge and Keppel, would “significantly improve internet speeds and network diversity for companies and customers in the Philippines.”
“Converge will be able to spread this power from Davao to every point in the Philippines thanks to our ongoing development of our National backbone that spans the entire region. Mr. Uy said, “We look forward to continuing our good cooperation with Keppel to put our countries closer together and strengthen the region’s links to the rest of the world.”