OMS installs undersea cable for technology and telecommunications companies and has offices in Malaysia, Singapore and Indonesia, according to its website.
KKR & Co. is nearing a deal to invest about US$400 million ($547.9 million) in Malaysian sub-sea cable company OMS Group Sdn., people familiar with the matter said, in what could be the latest transaction in the digital infrastructure industry in Asia.
The US-based private equity giant is in advanced talks to buy a stake in OMS, which could be valued at about US$1 billion in the deal, the people said. The fresh capital can help accelerate the sub-sea cable firm’s expansion plans and an agreement could be reached soon, the people said, asking not to be identified because the deliberations are private.
