Asset ManagementFunds under management increased by 7.1%, indicating growth in asset management capabilities.
Debt ReductionProceeds from the disposal will be used to reduce gearing, debt, and return to shareholders.
Infrastructure DevelopmentThe Bifrost subsea cable has achieved Ready for Service status, enhancing KEP and Singapore’s positioning as a regional digital hub, supporting growing AI/cloud workloads.
Investment ReturnsKEP expects the investment in the Bifrost to generate an IRR of over 30% and anticipates operational and maintenance fees for the fiber pairs to exceed S$200m per pair over 25 years.