Time dotcom And Facebook Invest in APG
Malaysian broadband operator Time dotCom (TdC) has joined the consortium that is building the new trans-Pacific fibre-optic submarine cable system, Asia Pacific Gateway (APG). The investment builds on the company's recent acquisition of Global Transit and provides further evidence of the operator's plans to reinvent itself as a key provider of regional broadband capacity and advanced services. Furthermore, TdC's announcement has inadvertently disclosed the fact that US-based Facebook has also invested in APG, signalling that company's interest in Asia's growing social networking market.
In a filing submitted to the Kuala Lumpur Stock Exchange, TdC states that it will invest US$45mn to establish a Malaysian landing station for the new cable as well as providing local construction and maintenance services. The 8,000km cable which will directly serve the North East Asian markets of Hong Kong, South Korea, Taiwan and China, as well as Japan and the South East Asian markets of Malaysia, Singapore, Vietnam and Thailand, has a total design capacity of 54.8Tbps. Data transmission rates of 40Gbps per wavelength (upgradable to 100Gbps) will be offered when the cable enters service in mid-2014.
BMI forecasts continued robust growth in fixed and mobile broadband adoption in the South East and North East Asian region as local and national governments, as well as state- and privately-owned telecommunications operators invest heavily in the deployment of infrastructure designed to boost productivity and efficiency in pursuit of strong economic growth. The APG cable system is just one of a number of Terabit-class cables that have been, or are planned, to be laid across the region, including the Google-backed Unity and South East Asia Japan Cable (SJC) projects.
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