 This is JSA TV the newsroom for tech and telecom professionals. I'm Dean Perine and welcome to JSA TV We are coming at you live on location at ITW 2018 in the windy city of Chicago, Illinois And I am here with mr. Philippe Dumont. Philippe is the CEO of Eula link I got that pronunciation correct of Eula link, which is the holding company for the Ella link project Philippe, thank you very much for being with us on JSA TV. Thank you Dean pleasure to be here outstanding This is gonna be fun folks. So um Philippe before we get into too much of this Why don't you tell our viewers a little bit about Eula link and the Ella link project? Okay, great. Very simply Eula link is an holding company. It's the developer and owner of one cable system We're gonna talk in a few seconds, which is called Ella link and they also have other cable development like we a link and Caroling That's fantastic very very well said So big news dropping a couple of pieces of big news dropping literally this morning at ITW Why don't you tell our viewers a little bit about that? Okay, very simply Ella link is that cable between Brazil and Europe Okay, and this is a project finance cable So basically one of the big thing about this is when you do project you need an equity sponsor And we have it since Friday. We announced it at ITW. The name is Marguerite This is an infrastructure fund based in Luxembourg in Paris and they're supporting the cable project Outstanding that's and now was there another bit of news that you had go out this morning or was it was that the main one? That's the the main one the second one is when you do a project financing cable You need the equity, but you need what we call anchor customers They're a big part of the financing of the cable and we announced a big one. It's called Bella Okay, and Bella committed to 25 million euros of capacity purchase to Ella link Which is a major step and we do expect that in the next weeks More anchor customers will be announced. That's fantastic. Congratulations, Philippe But let's talk a little bit about Ella link I know that this is a big project that's going on with you folks right now Why don't you tell our viewers a little bit about that? Yeah, so if you saw this project, it's it's in the range of 6 000 kilometers reaching from Europe, let's say Portugal It's the city of Cines to brazil with two landings one in fortaleza one in sau polo Okay, and that's in the range of 200 250 million Dollar cable project it's open access Okay, meaning that we have no restriction on where do you do we see capacity the way we manage the cable openly Open cable. This is the where the industry is going at this moment. And this is where where we are You're providing a better segue than I could provide for myself. So Where the industry is going so let's talk about the why why are you doing this? Where's the industry going? What do you where do you see the biggest need here? Well, the industry is going to Let let me rewind a bit Back years ago. It was all telecom tier one telecom operators Gathering into consortium. We still have consortium. They're smaller But the major thing is that we do have OTT's facebook microsoft google everybody repeats that the underlying Elements of all this is the gross of capacity. We don't need to forget that that's in the range of 45 per year And that creates needs for new cable very simply and this is where we are this is we are in a period where We see an exponential gross of capacity And on top of it. We see new connectivity. We should not forget about connectivity Before in the past cables were connecting cities now. They're connecting data centers And they're not located where the cities are Absolutely. Absolutely. I'm fascinating. But we're we're talking about what's going on right now and why you're doing What you're doing right now, but what does it look like six to 12 months from now? I six to 12 months for now With the link the chance is that we will have closed all our targets in terms of cells and we do We do have some elements to secure at this moment not very very much But still and within six to seven months or nine months I'll be happy to come back here and and tell you that the ally link cable Constriction has started. Well, you have heard it here folks first six Nine months from now. We will most definitely do this again. Okay, great. Thank you very much. You bet it philly Thank you very much and thank you viewers for watching jsa tv. We'll see you soon