ALPHA (Asia Link for Advanced Performance of High-Speed Access) Consortium Signs MOU for Integrated Subsea System [Yahoo! Finance]
KT Corporation (KT)
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Source: Yahoo! Finance
of Understanding (MoU) to plan and develop a proposal for an international undersea cable system connecting Singapore Japan , Korea, the Philippines Vietnam , and more. The MoU was signed by Budi Satria Dharma Purba, Chief Executive Officer (CEO) of Telin, and Jehoon Myung , Senior Vice President of KT Corporation. This signing symbolizes the commitment of the ALPHA consortium, comprising KT Corporation (KT), PT Telekomunikasi Indonesia International (Telin), and Japanese based party, to realize the APAC Subsea Landscape for the future. Currently, the biggest traffic concentration is in the Asia-Pacific Region (shifting from the US & Europe ), indicating a projected CAGR of 10-25% in Data Centre capacity across Malaysia Indonesia , and India over the next five years. Presently, there are 38 Submarine Cables in Singapore Hubs, making Singapore the most crowded Hubs in the world compared to Egypt Marseille , and Tokyo The ALPHA cable features at least eight fiber pairs with 18 Tbp
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Sec Filings
- 4/24/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/2/24 - Form 6-K
- KT's page on the SEC website