Recently, Facebook announced plans to build two new data submarine cables between Asia-Pacific and North America. They are dubbed Bifrost and Echo. The transpacific cables will connect Singapore, Indonesia, and North America, and are expected to increase overall transpacific capacity by 70%. Source: Facebook. For Bifrost, Facebook will partner Keppel T&T of Singapore and Telin (aka PT Telekomuniskasi Indonesia International) and XL Axiata of Indonesia and is due to be completed by 2024. For Echo, Facebook will partner Google and XL Axiata, and is due to be completed by 2023. Will this increase in transpacific capacity benefits the Mapletree Industrial Trust and Keppel DC Reit? Mapletree Industrial Trust “MIT” (SGX: ME8U)  MIT has just completed acquisition of US data centre located in Richmond, Virgina in March this year for US$208m with 100% occupancy, freehold status, and an initial NPI yield of 6%. The company has a medium term vision of allocating two-third of its S$6.8B AUM to data centres,...