Ocean Connect Maldives
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News$15 million submarine cable project stalls due to govt neglect
The $15 million OCM-IAX submarine cable project has stalled due to the current government's failure to secure operational funding. Despite a 2024 sovereign guarantee, the project remains inactive as the Maldives Fund Management Corporation faces mounting losses and debt. The cable's future is uncertain as officials seek new partners.
BusinessGoogle to set up submarine cable landing station in Addu
According to announcements by Google and the Maldives government, the undersea cable system, dubbed "Dhivaru", will connect Oman, the Maldives and the Christmas Islands on the western coast of Australia.