Skip to main content

Tribonian Law Advisors (TLA) has represented the shareholders of subsea network solutions provider Aqua Comms Limited on its $125 million financing led by Nomura, which was advised by Milbank, Tweed, Hadley & McCloy and White & Case.

The funding relates to the development of the America Europe Connect (AEConnect) subsea cable system, a 5,400 km fiber optic cable system connecting North America to Europe. AEconnect, to be delivered by TE SubCom, is scheduled to be ready for service in December this year, and Microsoft is a confirmed client. The initial project investment is expected to be $300 million, with Nomura funding the debt offering.

The TLA team was led by the firm's managing partner Rindala Beydoun, and Carlo Pianese. Irish law firm Philip Lee has also advised AquaComms.

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.