Lightstorm secures $262m financing for India-Malaysia-Singapore subsea cable I-2SEA
Type: Financing · Technology: Telecom · Country: India, Malaysia, Singapore · Announced: 2026-08-11
Singapore-based connectivity provider Lightstorm secured Rs 25 billion ($262m) in debt financing for the I-2SEA subsea cable project, connecting India, Malaysia, and Singapore. The 3,600km cable will link Hyderabad and Chennai in India to Singapore and Kuala Lumpur, Malaysia, with dual landings in Machilipatnam and South Chennai. The project is being developed under a consortium with Microsoft, Singtel, and Tata Communications as joint-build partners, while NEC serves as the system supplier and ASEAN Cableship handles marine installation. Targeted for readiness for service in Q4 2029, the cable is designed to support hyperscalers, GPU infrastructure providers, and enterprises with AI training and inference workloads. The financing was led by India-based IndusInd Bank, as announced via a LinkedIn post.
Analysis
Lightstorm secured $262m in debt financing for the I-2SEA subsea cable project, connecting India, Malaysia, and Singapore. The project is being developed under a consortium with Microsoft, Singtel, and Tata Communications as joint-build partners, while NEC serves as the system supplier and ASEAN Cableship handles marine installation. The financing was led by India-based IndusInd Bank, as announced via a LinkedIn post on 2026-08-11. The 3,600km cable will link Hyderabad and Chennai in India to Singapore and Kuala Lumpur, Malaysia, with dual landings in Machilipatnam and South Chennai. The project is targeted for readiness for service in Q4 2029.
Key points
- Financing amount: $262m
- Project length: 3,600km
- Target readiness for service: Q4 2029
- Financing leader: IndusInd Bank
- Announcement date: 2026-08-11
Counterparties
- Lightstorm (Developer)
- IndusInd Bank (Lender)
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