Keppel Infrastructure Fund (KIF), a fund managed by the group Keppel of Singapore, bought the entire share capital Global Marine Group (GMG) which was sold by investment companies headed by J.F. Lehman & Company. The British company specialises in laying and maintenance of submarine cables for telecommunications and It has a fleet of six cable-laying vessels.

"The acquisition of a world-leading service provider maintenance and installation of submarine cables - ha emphasized Christina Tan, CEO fund management & chief investment officer of Keppel - represents an opportunity more unique than rare. This investment is based on the Keppel's digital infrastructure strategy, which includes the Bifros Cable System (the first submarine cable system with directly connect Singapore with the North West Coast America acquired by Keppel in 2023 and expected to be completed this year, ed.) and now WYD. With a significant share of GMG's business that is ensured by contracts at with enormous growth potential, especially in the Asia - added Tan - we are ready to offer our customers investors attractive risk-adjusted returns."