(New York City) Satgate UAB of Vilnius, Lithuania announced today that it selected Broad Street Capital Group as its exclusive financial advisor for development of a state-of-the-art data center in the Baltic States. The proposed $60 million project called Amber Core DC will launch in November and will be financed through a combination of owner and investor equity, combined with senior debt from commercial banks and U.S. export trade finance.
PACT Consulting Inc., an internationally renowned aerospace and telecommunications consultancy based in Bethesda, Md., has been named marketing consultant and will be responsible for introducing key anchor clients to the project.
“We are delighted to serve as the financiers for this cutting-edge project,” stated Alexander M. Gordin, managing director of Broad Street Capital Group. “With the worldwide explosion of cloud computing services, significant demand exists for quality data hosting facilities in emerging markets. Not only does the proposed project enjoy a strategic location and terrific connectivity, but it is also being developed by an experienced, highly reputable teleport operator and satellite services provider with a diverse international clientele.”
“We aim to attract large U.S. and international corporate customers from the IT sector interested in a professional Tier III certified data center facility strategically located in close proximity to some of the fasted growing emerging markets,” said Vitaliy Malashevskiy, director of Satgate UAB.
The Amber Core DC Project will be the second high-tech facility in the Baltic States for the SatGate Group. It will be scalable up to 30MW of power and 5,000 racks, due to the modular design approach, which will utilize the latest cooling technologies to maximize the efficiency and minimize power.
“This project will showcase the latest technological advances, and will open up a superb opportunity for U.S. cooperation with the Baltic region countries,” Gordin added.
About Satgate UAB
SatGate UAB is a leading satellite services provider, based in Lithuania. Operating a unique satellite teleport facility located near of Vilnius, SatGate provides a full range of satellite communication services in Europe, the Middle East and Central Asia to ISPs, telecoms, the oil and gas industry, and other corporate and private customers. SatGate integrates and manages turn-key communication solutions of any complexity. For more information, please visit www.websitename.com.
About Broad Street Capital Group
Based in the heart of New York City’s financial district, Broad Street Capital Group is an international private merchant bank with extensive experience in developing and financing projects in emerging markets. The firm works closely with trade and development agencies of the U.S. Government and has been involved in several high profile of cross-border transactions in IT/telecom, aerospace, healthcare, alternative energy, hospitality and franchising sectors. Founded in 1996, the firm has successfully served a broad array of private and state owned clients in multiple countries. For more information, please visit www.broadstreetcap.com .