Asset manager Keppel and Vietnamese conglomerate Sovico Group are discussing plans for new undersea fibre-optic cables that would boost the region’s data centre industry, people familiar with the discussions said.
South-East Asian countries, a major junction for cables connecting Asia to Europe, are seeking to expand their networks to meet booming demand for artificial intelligence (AI) services and data centres. Vietnam plans to have 10 new submarine cables by 2030.Undersea cables are at the centre of the Sino-American tech war, with the two powers vying to win contracts, especially in Asia, to build and maintain the strategic infrastructure that carries most Internet data, including sensitive information.
