April 21 (Reuters) - Keppel Corporation Ltd KPLM.SI :
* KEPPEL SIGNS BINDING TERM SHEET WITH CONVERGE TO TAKE
CAPACITY
ON TRANS-PACIFIC BIFROST CABLE SYSTEM
* SIGNS BINDING TERM SHEET WITH CONVERGE
* KEPPEL MIDGARD HOLDINGS SIGNED A BINDING TERM SHEET WITH
CONVERGE INFORMATION & COMMUNICATIONS TECHNOLOGY SOLUTIONS
* CONVERGE WILL INVEST OVER US$100 MILLION FOR WHOLE PROJECT
* INVESTMENT INTO ONE FULL FIBRE PAIR WILL ALLOW US TO
INDEPENDENTLY ACTIVATE AT WILL UP TO 15TBPS OF CAPACITY TO
EITHER COUNTRY
* TO GRANT CONVERGE INDEFEASIBLE RIGHT OF USE FOR 1 FIBRE
PAIR ON
MAIN TRUNK OF BIFROST CABLE SYSTEM
* KMH AND CONVERGE TO JOINTLY DEVELOP BRANCH ON BIFROST
CABLE
SYSTEM THAT WILL LAND IN DAVAO, PHILIPPINES
Source text for Eikon: ID:nSNZ6NTrhX
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