By Nick Flitterman

Flitterman joins the Proximo weekly podcast for Satellite Finance Special

Flitterman joins the Proximo weekly podcast for Satellite Finance Special

Portland’s Head of Telecoms, Nick Flitterman, joined up with Berkeley Research’s Michael Whalen to chat with Tom Nelthorpe at Proximo Infra to discuss all things satellite finance for the Proximo weekly podcast. You can listen using the link below.

For further information, contact Nick at nick.flitterman@portlandadvisers.com or +44 7973 481330



By Nick Flitterman

Portland Advisers demonstrates thought leadership in Next Generation Broadband

Portland Advisers has been appointed by the Fibre to the Home Council (Europe) to undertake a study into potential financing stimulus packages for Next Generation Broadband rollout on the basis of Public-Private Partnerships (PPP).

The results of this study will be presented by Jacek Krauze of Portland Advisers and Stefan Stanislawski of Ventura Team, our consortium colleagues, at the FTTH Council’s headline event of the year in Munich in February.

Details of the Conference can be found by clicking here. For discounted admission to the FTTH Council Europe Conference please use the discount code MUFTTH22 to buy places at €390 plus €3 green donation (instead of the usual €490).

For further details, please contact Jacek at jacek.krauze@portlandadvisers.com or on +44 20 71 83 83 98.

By Nick Flitterman

O3b Closes New $137m financing

On 31st October 2011, O3b Networks, advised by Portland Advisers and HSBC, achieved Financial Close on a $137m incremental financing round for the construction of four additional satellites that will boost both capacity and redundancy its MEO satellite constellation.

Nick Flitterman, Portland’s Head of Telecoms and lead advisor to O3b said: “This is another great achievement for O3b and a testament to the strong support of its core investors and lenders for the company’s plan to bring high speed internet connectivity to those Other Three Billion people around the world. Despite continuing difficulties in the financial markets, and increasing pressures on US Dollar liquidity, we have succeeded in structuring the financing in a way that benefits all stakeholders and enables O3b to almost double its capacity over the emerging markets – a win-win for its investors, lenders and customers.”

The additional financing comprises an US$85m Coface-backed Senior Debt Facility provided by HSBC, ING, CA-CIB and Dexia and an additional $52m of equity provided by a group of the existing shareholders and a new investor, Luxempart.

O3b’s shareholders include leading  satellite operator SES, Google, the global cable operator Liberty Global, HSBC Principal Investments, the Development Bank of South Africa, Sofina and Satya Capital, with SES now the largest minority shareholder.

For more information on this transaction, or on related topics, please contact Nick directly on nick.flitterman@portlandadvisers.com or +44 20 71 83 83 85.  Also see the Case Study describing the role Portland Advisers.

Press coverage of the financing can be find by clicking on the links below.