HyalRoute Communication Group Acquisition, Valuation, Funding & Investors

HyalRoute Communication Group was acquired by All In FutureTech for $4B in May 2026, a 18.3x multiple on $219M of revenue.

HyalRoute Communication Group acquisition price

$4B

Acquired by All In FutureTech · May 2026

HyalRoute Communication Group revenue at acquisition

$219M

Last twelve months · May 2026

HyalRoute Communication Group revenue multiple at acquisition

18.3x

EV/Revenue · May 2026

Cumulative funding HyalRoute Communication Group raised

$263M

across 1 funding round

HyalRoute Communication Group Overview

About HyalRoute Communication Group

HyalRoute Communication Group is a Singapore-headquartered provider of shared fiber optic networks and international connectivity in Asia. Operating in Hong Kong, Cambodia, Myanmar, and other markets since 2015, the company delivers value-added services like data center access and bandwidth provisioning.


Founded

2015

HQ

SingaporeSingapore

Status

Acquired

Customer focus

B2B

Revenue model

Usage-based

Revenue

$219M (May 2026)

Valuation

$3.5B (May 2020)

HyalRoute Communication Group Acquisition

HyalRoute Communication Group was acquired by All In FutureTech for $4B on 21 May 2026.

The acquisition price implies a 18.3x revenue multiple on $219M of revenue.

Before the acquisition HyalRoute Communication Group had raised $263M across 1 funding round.

All In FutureTech Alliance Inc. agreed on May 22, 2026 to acquire a 57.67% controlling interest in HyalRoute Fiber-Optic Communication Group for a total consideration of US$2,306.8 million, paid entirely in newly issued AGAE common shares at a US$10.00 per share reference price. The transaction is based on an overall US$4,000 million valuation for HyalRoute, while an independent valuation report appraised the company at US$4,300 million. The deal positions the combined business as an AI optical network platform integrating optical compute and optical transmission. The company cited HyalRoute’s infrastructure scale and growth potential as the strategic rationale, highlighting fiber-optic asset revaluation, expansion across Southeast Asia, and future revenue contributions from the Philippines, Cambodia, and other ASEAN markets. The transaction materials also reference prior valuation benchmarks, including HyalRoute’s US$3,300 million 2024 Hurun Global Unicorn Index valuation and a US$8,000 million to US$10,000 million range estimated by major banks during its proposed NYSE listing process in 2019. The acquisition structure is stock-only, with no cash consideration disclosed in the announcement. HyalRoute is described as a Southeast Asian fiber-optic infrastructure group focused on backbone fiber leasing and IP transmission services. Reported revenue increased from US$120 million in 2024 to US$219 million in 2025, with net income rising from US$60.2 million to US$108.5 million. The release also includes projected 2026–2028 revenue expansion tied to regional network rollout and supercomputing infrastructure, indicating management’s plan to broaden the business from telecom infrastructure into AI-enabled network services.

HyalRoute Communication Group acquisition details
AcquirerDateTypePriceEV/Revenue
21 May 2026Strategic M&A$4B18.3x

HyalRoute Communication Group Valuation

HyalRoute Communication Group is currently valued at $3.5B, based on its strategic investment round in May 2020.

The $263M round was led by Genesis Scale Holdings.

HyalRoute Communication Group valuation by funding round

HyalRoute Communication Group valuation by funding round
DateStageValuation
May 2020Strategic investment$3.5B

HyalRoute Communication Group Funding History

HyalRoute Communication Group has raised a total of $263M across 1 funding round.

HyalRoute Communication Group funding rounds

HyalRoute Communication Group funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2020Strategic investmentGenesis Scale Holdings (lead)$263M$3.5BHyalRoute Communication Group is a Singapore-based telecommunications company founded in 2015, specializing in shared communications fiber network services, constructing and owning advanced infrastructure across Emerging Asia. It has deployed networks covering 25 provincial districts in Cambodia and over 10,000 km of fiber optic cable in Myanmar, enhancing regional connectivity, with plans to expand in Indonesia, Thailand, Pakistan, and other markets. The company partners strategically with Kuang-Chi Technologies, which established an ASEAN innovation hub in Singapore focused on smart-city solutions alongside HyalRoute's telecom efforts. On May 26, 2020, Kuang-Chi Technologies agreed to acquire a 7.52% stake in HyalRoute from sellers including Fiber Network Limited, Innovation Planet Limited, and Galaxy Giant Limited for approximately $260 million in cash, funded by raising capital. The deal, involving 20,101 shares, required approval from Kuang-Chi's board and shareholders' meeting, marking a significant corporate minority investment. At the time, HyalRoute held a unicorn valuation of $3.50 billion as listed in the 2020 top 500 unicorns by TechStartups, positioning it among high-growth mobile and telecommunications firms in Singapore. The implied post-money valuation from the stake purchase ($260M / 7.52%) aligns closely at approximately $3.46 billion. HyalRoute competes with firms like Irrawaddy Green Towers in regional fiber infrastructure and benefits from Kuang-Chi's broader ecosystem in super-WiFi, satellite, and IoT telecom technologies. The investment supports HyalRoute's vision of a unified regional network boosting domestic and international connectivity in underserved Asian markets.

Who has invested in HyalRoute Communication Group?

1 investor has backed HyalRoute Communication Group across its funding rounds, including Genesis Scale Holdings.

Lead investors include Genesis Scale Holdings.


HyalRoute Communication Group Investors

Investors in HyalRoute Communication Group by funding rounds participated
InvestorHQRoundsRoleFirst check

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HyalRoute Communication Group Competitors

HyalRoute Communication Group competitors include listed companies like Huber+Suhner, Sterlite Technologies, HFCL and Glarun Technology, and private ones like Helium and Arrcus.

Public and private companies comparable to HyalRoute Communication Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Huber+SuhnerSwitzerlandSwitzerlandPublicly listed$1.1B$153M$3.9B3.1x
Sterlite TechnologiesIndiaIndiaPublicly listed$486M$62M$4.4B6.7x
HFCLIndiaIndiaPublicly listed$514M$76M$3.3B5.9x
Glarun TechnologyChinaChinaPublicly listed$501M$118M$5.1B9.9x
HeliumUnited StatesSan Francisco, CAPrivate--$1.2B-
ArrcusUnited StatesSan Jose, CAPrivate--$400M-

HyalRoute Communication Group Public Comps

HyalRoute Communication Group is no longer listed, but its public comps include InnoDisk, Huber+Suhner, Comsys Holdings, Axiata Group, Guangzhou Haige Communications, Ondas, Fujian Star-Net, China Comservice, Belden and Sterlite Technologies.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
InnoDisk$448M$84M8.4x1.8x45.1x3.7x
Huber+Suhner$1.1B$153M3.5x3.1x24.1x20.2x
Comsys Holdings$4.1B$410M0.9x0.9x9.2x9.1x
Axiata Group$2.9B$1.5B2.8x2.8x5.4x5.7x
Guangzhou Haige Communications$654M($100M)6.4x6.0x(41.9x)-
Ondas$51M($127M)57.8x7.4x(23.0x)(31.0x)
Fujian Star-Net$2.9B$194M1.8x1.5x26.6x15.9x
China Comservice$22B$793M0.1x0.1x2.4x2.5x

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Common questions about HyalRoute Communication Group

When was HyalRoute Communication Group founded?HyalRoute Communication Group was founded in 2015.
Where is HyalRoute Communication Group headquartered?HyalRoute Communication Group is headquartered in Singapore, Singapore.
Is HyalRoute Communication Group publicly listed?No, HyalRoute Communication Group was acquired by All In FutureTech in May 2026.
Who acquired HyalRoute Communication Group?HyalRoute Communication Group was acquired by All In FutureTech in May 2026.
How much was HyalRoute Communication Group acquired for?HyalRoute Communication Group was acquired for $4B in May 2026, a 18.3x revenue multiple.
What is HyalRoute Communication Group's valuation?HyalRoute Communication Group was last valued at $3.5B in its strategic investment round in May 2020.
How much funding has HyalRoute Communication Group raised?HyalRoute Communication Group has raised $263M across 1 funding round.
What was HyalRoute Communication Group's last funding round?HyalRoute Communication Group's last funding round was a $263M strategic investment round in May 2020, led by Genesis Scale Holdings.
Who are HyalRoute Communication Group's investors?HyalRoute Communication Group's investors include Genesis Scale Holdings.
Which companies are comparable to HyalRoute Communication Group?Companies comparable to HyalRoute Communication Group include Huber+Suhner, Sterlite Technologies, HFCL, Glarun Technology, Helium and Arrcus.

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