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Luxembourg and Madrid, Spain – 7th May , 2018 – Marguerite II, a pan-European equity fund active in the renewables, energy, transport and digital infrastructure sectors, has signed an agreement to join the ElLalink submarine cable system as new sponsor to help develop the project.
The EllaLink system, providing telecoms connectivity between Spain, Portugal and Brazil, will be ready for service in 2020 and will enable low latency, data privacy and high capacity transmission for a broad range of customers between the major financial and population centres of Europe, South America and the Caribbean. Linking Data Centres in Madrid, Lisbon, Fortaleza and São Paulo, EllaLink will provide express subsea connectivity between Europe and Latin America, and offer the first ever direct fibre pairs between the two continents.
Nicolás Merigó, CEO of Marguerite stated: “The EllaLink project is a great fit with Marguerite’s strategy of seeking out differentiating investment opportunities in capital-intensive infrastructure assets. Submarine cables are at the core of today’s Telecommunication infrastructure and we see tremendous long term growth for this industry. In EulaLink, we have found a world class partner, with an impressive track record in developing submarine cables and we are looking forward to supporting the development of the EllaLink system”.
Alfonso Gajate, Chairman of EulaLink, declared “We are delighted to have found in Marguerite an investor with the vision and financial strength to support our ambitions. With them, we share the view that EllaLink is a key telecommunications infrastructure project for enabling communications between Brazil, its neighboring countries and Europe with the unique value proposition of offering a diverse, direct, secure and cost effective alternative to internet traffic between the two continents”.