From: Jeffrey Epstein <[email protected]> To: Nicole Junkermann Subject: Re: Fw: Deal Poseidon Date: Mon, 18 Mar 2013 17:34:07 +0000 No On Monday, March 18, 2013, Nicole Junkermann wrote: Are u investing? From: Jeffrey Epstein [mallto:jeevacSgmail com Sent: Monday, March 18, 2013 06:23 PM To: Nicole Junkermann Subject: Re: Fw: Deal Poseidon Yes On Monday, March 18, 2013, Nicole Junkermann wrote: Are you aware of this deal? From: David Stern (mailto: Sent: Monday, March 18, 2013 06:03 PM To: Jorg Mohaupt < Cc: Nicole Junkermann Subject: Deal Poseidon Jorg, I hope this mail finds you well. I am an active investor in a private equity fund that is finalising a very interesting US$ 1.2bn transaction. There is scope for co-investment of up to US$ 100m. Please see some points below. Is this something of interest? All the best, David • One of the world's largest private undersea cable systems (most systems are owned by consortia of telecom companies) providing connectivity between US-Europe-Middle East-Subcontinent-East Asia • Strategic asset to the Middle East — c. 40% of Middle East's internet traffic and c. 25% of all voice and data traffic is carried on Poseidon • Play on exploding data traffic — broadband, internet video, 4G, teleconferencing (eg, Netflix outside US is carried on this system; Google and Facebook are customers) • Blue chip customers — major carriers (Etisalat, Du, Qtel, Omantel, Batelco, Mobilye, Vodafone, BT) and enterprises (Ernst & Young, Hilton Hotels, LVMH, Lloyds Bank) • Proprietary transaction —we are dealing principal-to-principal (no bankers/intermediaries); Seller's $7 bn of debt is main driver of (reluctant) disposal but they want to retain a 15% stake to participate in upside • Asset is only 10% utilised today— 90% of bandwidth available for sale (and more will be 'created' as electronics technology advances allowing more and more light to be pumped through and hence capacity to be unlocked in