Sea Fibre Networks



Sea Fibre Networks

January 17, 2014 07:30 ET

Sea Fibre Networks Announces Strategic Collaboration and Investment

New financing to fuel expansion and growth

DUBLIN, IRELAND--(Marketwired - Jan. 17, 2014) - 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."

Jacob Logothetis, Managing Director, Aquavint said; "Aquavint has a special interest in the sub-sea telecoms market. We like SFN's carrier neutral proposition and are impressed by the team's achievements in the market to date. Going forward, I see real value in SFN's infrastructure in conjunction with Aquavint's related portfolio investments."

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.

Redwood Capital Group served as exclusive financial advisor to Sea Fibre Networks with respect to this transaction.

About Sea Fibre Networks

Sea Fibre Networks is a carrier neutral, sub-sea telecoms provider. The company is owner and operator of CeltixConnect, Europe's most advanced sub-sea telecoms network. Sea Fibre Networks delivers the innovation and flexibility businesses need to stay ahead in the market place. It provides network solutions tailored to specific needs with the most efficient service. All products are supported by industry leading Service Level Agreements (SLA's). These are further enhanced with proactive management and monitoring of the sub-sea cable system.

Information about Sea Fibre Networks can be found at www.seafibre.com.

About Aqua Ventures International

Aqua Ventures FZE International (Aquavint), is a UAE based investment holdings firm with a portfolio of investments in Telecommunications, Media and Technology.

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