EUROPE
Nigel Bayliff , Aqua Comms ’ CEO speak s to JSA TV cables across the Atlantic and a market which had dwindled . Speculators came in and bought the assets , which had cost hundreds of millions to build , for just tens of millions ,” explains Nigel Bayliff , Chief Executive Officer at Aqua Comms . “ Suddenly the private equity markets and the general banks lost a lot of money in that very strange period of history . “ Today , there remains a 20 % price decline model used for the price of a particular piece of capacity in the Atlantic . At the same time , people have managed to stay in business because the growth that was forecasted in 1999 has started to occur ,” he continues .
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