& cplSiteName &

Aquavint Invests in Sea Fibre

Light Reading
News Wire Feed
Light Reading

DUBLIN -- Sea Fibre Networks (SFN), owner and operator of Europe's most advanced sub-sea telecoms network, CeltixConnect, today confirmed that Aqua Ventures International (Aquavint), a United Arab Emirates based investment holdings firm with a portfolio of investments in Telecommunications, Media and Technology has made a significant strategic investment into SFN. This investment focuses on developing the business - extending the network footprint, expanding the product portfolio and positioning SFN to meet the burgeoning demands for fibre-based, diverse, low latency, high bandwidth infrastructure solutions on a pan-European scale.

Diane Hodnett, SFN CEO, said; "Our vision for Sea Fibre Networks has always been to develop and grow the company while maintaining a niche carrier neutral position amongst sub-sea telecom providers. Aquavint's investment reaffirms SFN's strategy and positions the Company to achieve its potential through the development of the existing product portfolio and future network expansion. This is an exciting progression in SFN's evolution and we are delighted with Aquavint's involvement."

Nicholas Hegarty, CEO, Fius Capital, Paul Davies, General Counsel, Fius Capital and Alan Clarke, previously of TE Connectivity, join Diane Hodnett on the Board of Directors. These appointments will support and accelerate SFN's on-going fundraising and corporate development. The investment amount and terms remain confidential.

Sea Fibre Networks Ltd.

(1)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
User Rank: Blogger
1/18/2014 | 4:53:44 PM
Subsea cable funding
Funding for new subsea projects really appears to be rise recently, with Sea Fibre and Ocean Networks among the winners, and I believe Seaborn expected to have some financing news soon, too. Maybe some similar news will break this week at PTC 2014 in Hawaii.
Featured Video
From The Founder
Ngena's global 'network of networks' solves a problem that the telecom vendors promised us would never exist. That doesn't mean its new service isn't a really good idea.
Flash Poll
Upcoming Live Events
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
May 14, 2018, Brazos Hall, Austin, Texas
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Dell CTO: Public Cloud Is 'Way More Expensive Than Buying From Us'
Mitch Wagner, Mitch Wagner, Editor, Enterprise Cloud, Light Reading, 3/19/2018
IBM Faces Age Discrimination Accusations
Mitch Wagner, Mitch Wagner, Editor, Enterprise Cloud, Light Reading, 3/22/2018
Eurobites: Cambridge Analytica Feels the Heat
Paul Rainford, Assistant Editor, Europe, 3/20/2018
HR: Cable Dominates US Broadband
Carol Wilson, Editor-at-large, 3/21/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed