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17 January 2014
Sea Fibre Networks (SFN) has secured funding from UAE-based Aqua Ventures International (Aquavint) in order to further the subsea network operator’s business development.
Aquavint holds a portfolio of
investments in telecommunications, media and technology, and
hopes to help SFN to extend its network footprint in order to
meet the growing demands for low-latency fibre infrastructure
"Our vision for Sea Fibre Networks has always been to develop
and grow the company, while maintaining a niche carrier neutral
position amongst subsea telecom providers," said Diane Hodnett,
CEO at SFN.
"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."
It is also hoped that Aquavint’s strategic
investment will expand SFN’s product portfolio.
Jacob Logothetis, MD at Aquavint, said that the company has a
particular interest in the subsea telecoms market.
"We like SFN’s carrier neutral proposition and are
impressed by the team’s achievements in the market
to date," Logothetis said.
"Going forward, I see real value in SFN’s
infrastructure in conjunction with Aquavint’s
related portfolio investments."
The amount invested, as well as the terms and conditions,
SFN launched its European alliance in May
Sea Fibre Networks,
Aqua Ventures International,