Ocean Connect Maldives to bring a solution to high internet prices in the Maldives

The government of Maldives has revealed that Ocean Connect Maldives (OCM), a 100% government-owned subsidiary of Maldives Fund Management Corporation (MFMC) will lead the country into a new digital age with the first ever direct connection to an International Submarine Cable System in the Maldives.

OCM has signed an agreement with Reliance Jio Infocomm Limited to connect to the India-Asia-Xpress (IAX) submarine cable providing international gateway connections to the East and the West, enabling direct integrations from Singapore to Europe while foregoing existing reliance on third-party hubs such as Sri Lanka. The agreement was signed between the chairperson of Mr. Riyaz Mansoor, the Chairperson of OCM and Mr. Mathew Oommen, the President & Board Director of Reliance Jio Infocomm Limited, at an event held at Crossroads Maldives this Monday morning. The cable is estimated to land in the Maldives by June 2023.