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Margueritte – Acquisition of submarine cable linking Europe and Latin America

Marguerite has reached financial close on the new EUR 150m EllaLink submarine cable system project linking Europe to Latin America. The project involves the construction of a 9,200km submarine cable system of up to four fibre pairs between Europe and Latin America. It will link data centres in Madrid, Lisbon, Marseille, Fortaleza and São Paulo. Financial details of the transaction have not been disclosed