Keppel (SGX:BN4) and Vietnam's Sovico Group are in talks to set up undersea fiber-optic cables to strengthen the region's data centre industry, according to a report by the Reuters on Friday.
The two states are a key junction for cables connecting Asia to Europe and are now looking to add more to their network to cater for a growing demand for data centres, the report said.
According to the report, one of the plans includes a cable that can be laid down to link Vietnam directly to Singapore for around $150 million.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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