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IPS, Inc. ( (JP:4390) ) just unveiled an announcement.
IPS, Inc. outlined its expanding role in Asia-Pacific digital infrastructure, highlighting participation in the 8,000 km Candle international submarine cable connecting Japan, the Philippines, and Singapore, scheduled to start commercial service in March 2028. The company is leading construction and operation of the Baler Cable Landing Station on Luzon’s Pacific coast, designed to host up to four international cables including Candle and link them to the Philippine domestic network, and leveraged its existing assets such as the Philippine Domestic Submarine Cable Network (PDSCN) and acquired capacity on the C2C international cable system to offer integrated domestic and international connectivity. IPS expects the Philippines’ Konektadong Pinoy (Open Access in Data Transmission) Act to lower entry barriers and spur regional telecom operators, potentially broadening its customer base and enhancing network redundancy and open-access connectivity, thereby strengthening its competitive position in regional telecommunications infrastructure and services.
The most recent analyst rating on (JP:4390) stock is a Hold with a Yen3213.00 price target. To see the full list of analyst forecasts on IPS, Inc. stock, see the JP:4390 Stock Forecast page.
More about IPS, Inc.
IPS, Inc. (Ticker: 4390, Tokyo Stock Exchange Prime) operates in the telecommunications infrastructure and services industry, with a focus on international and domestic submarine cable networks and related connectivity solutions. The company also runs a domestic telecommunications business in Japan, including cloud-based call center systems such as AmeyoJ, and targets regional telecommunications operators and other carriers as key customers in emerging and developed markets.
Average Trading Volume: 71,973
Technical Sentiment Signal: Buy
Current Market Cap: Yen38.56B
For detailed information about 4390 stock, go to TipRanks’ Stock Analysis page.