Bandwidth Arbitrage: Keppel Sells 5 Bifrost Pairs for $1.3 Billion

Keppel is a member of the Bifrost Consortium. It is essentially arbitraging the difference between per pair consortium cost and what third parties are willing to pay for them. The arbitrage business model comes back to the beginning of telecommunications competition when voice carriers engaged in various kinds of arbitrage to lure customers away from the incumbents. Note Keppel sells no lit…