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Luxembourg, 09/01/2019 – Marguerite has closed an investment in the Ellalink
submarine cable system.
The supply contract for the EllaLink submarine cable system with Alcatel Submarine Networks
came into force on 31 December 2018 and Alcatel will now start construction. Scheduled for
operation in late 2020, the EllaLink system is a state-of-the-art submarine cable of up to 4
fiber pairs designed to meet the growing demand for traffic between Europe and Latin
America under a carrier neutral and open access basis (https://ella.link).
Linking Data Centers in Madrid, Lisbon, Marseille, Fortaleza and São Paulo, EllaLink will
provide express subsea connectivity and offer the first direct fiber pair between the two
continents.
The project was initiated by Alfonso Gajate and Ross Mullins, co-founders of IslaLink.
Marguerite joined the project in May 2018 working with the Ellalink team to finalise the
development phase. Marguerite is the sole equity provider. Other sources of funding include
pre-payments by anchor customers and debt funding, covering total project costs of
EUR150m. EllaLink’s CEO is Philippe Dumont, former CEO of Alcatel Submarine Networks
Marguerite was advised by Natixis and Pöyry Capital (financial), CMS (legal), Ernst & Young
(tax, accounting and model audit), DRG Undersea Consulting (technical), Marsh (insurance)
and Altman Vilandrie & Co (market).