Daily News: August 14, 2019

Credit Suisse Asset Management Upsizes GigNet Facility


Credit Suisse Asset Management has agreed to increase the funds available under a credit facility established one year ago for Cobalt Broadband Services, an operating subsidiary in Mexico of GigNet.

The company used the initial funding to complete a 200-kilometer fiber-optic network in the Mexican Caribbean and began serving customers in 2019.

“Credit Suisse Asset Management is pleased to announce that we have been successfully working with GigNet for the past year in helping transform the telecommunications industry in Quintana Roo by setting new standards in infrastructure, fast and reliable broadband and managed, consultative, customer services,” said Andres Borrego, managing director and head of Credit Suisse Asset Management for Mexico.

The company’s GigNet branded network is a 200-kilometer fiber-optic network from Cancun to Tulum, with additional network extensions and commercial loops to bring secure, high-speed broadband to hospitality customers and enterprises in the region. The network, which was built and commissioned on-time and under-budget, features a local network operations center and numerous access points for ease of customer activation and network management.