Laser Light Holdings Ltd, the owner/operator of an emerging global optical platform, has completed its corporate registration in Bermuda.

As a company registered and based in Bermuda, it said, Laser Light will fall under the regulatory authority of the Office of Communications in Britain for telecommunications matters and under the European Space Agency for its space-related matters such as orbit and co-ordination, as appropriate.

Taxation matters will fall under the auspices of the Bermudian Government, and the island will also host the primary banking operations for the holding company.

Holdings will serve as the parent of the expanding Laser Light Companies, which include registrations and operations in the United States, Canada, Britain and Australia.

Laser Light said it will expand these regional service companies over the next few months to include Europe, Africa, Latin America, the Middle East and North Africa, and the Caribbean. All will be owned and overseen by Holdings.

"In assessing where best to base and consolidate all the corporate functions of our growing global business, Bermuda easily became the most logical choice and will give us the agility and efficiencies we need," said Bob Brumley, chairman and chief executive of Laser Light Holdings.

"On behalf of all the Laser Light Companies, I would like to thank the Bermuda Development Agency for all their efforts assisting us, as well as Appleby LLC for their critical legal advice, to help us quickly and efficiently register so that we can more effectively address the growing demand for our services.

“We would also like to recognise the excellent and efficient international tax work performed by Marcum LLP and Milbank LLP. Their insights and experience in assisting in our overall corporate structure will pay dividends to our shareholders in the near future."

Laser Light Holdings Ltd is the owner/operator of an emerging global optical platform — network of networks — which it said will deliver a first-of-a-kind 21st-century data service that will transform the way high-volume data communications traffic is carried, distributed and utilised.

Using a hybrid approach converging terrestrial, sub-sea and space domains; an end-to-end software architecture, committed to a "best route, best latency" service; and a unique business model that emphasises efficiency and operational simplicity, the Laser Light all-optical global data platform will connect companies, countries and continents at high speed, more flexibly, securely and economically than ever before, the company said.

It added that Laser Light Holdings Ltd and its subsidiary companies “will do for networking what cloud did for computing”.