Exclusive-Singapore, Vietnam firms in talks for new undersea cables, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
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Should l Buy ?
Source: Yahoo Finance
Undersea Cable Plans: Singapore's Keppel and Vietnam's Sovico Group are in discussions to develop new undersea fiber-optic cables aimed at enhancing the region's data center capabilities, with a direct link between Vietnam and Singapore being a key focus.
Geopolitical Considerations: The projects are influenced by U.S.-China tensions, as U.S. officials have advised against involving Chinese contractors, emphasizing the strategic importance of these cables in the broader tech competition between the two powers.
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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.
