Welcome to Issue 87 of SubTel Forum, a special edition focusing on the Finance & Legal aspects of the submarine telecommunications industry. This issue also serves as a preview for the upcoming SubOptic 2016 conference in Dubai, promising to be a significant event in the field. Wayne Nielsen, the founder and publisher of Submarine Telecoms Forum, shares his experiences from past SubOptic conferences, highlighting the evolution of the event and its importance to the industry. The issue features articles on financial outlooks, regulatory concerns, and the intricacies of financing and ownership in subsea cable projects. Additionally, it includes a look at the HUGO Upgrade and the third life of the Gemini Subsea Cable System. This edition is a must-read for professionals navigating the complex financial and legal landscapes of submarine telecommunications.