Seaborn Networks Secures Second Financing Round for US-­Brazil Subsea Cable

Seaborn Networks Secures Second Financing Round for US-­Brazil Subsea Cable

Seaborn Networks, the developer and operator of the first direct submarine cable between the United States and Sao Paulo, Brazil, announced that it has secured its second round of financing.

This investment will enable Seaborn Networks to expand its sales and marketing efforts, hire additional headcount, apply for landing licenses in the United States and Brazil for Seabras-­‐1, and also undertake additional project development steps.

In a related announcement, Seaborn Networks announced that it has engaged global investment banking firm Jefferies & Company, Inc. as its exclusive financial advisor for the project financing of Seabras-­‐1, Seaborn Networks’ submarine cable system.

Seabras-­‐1 is a new 32 Tbps submarine cable that will be the first direct route between Sao Paulo, Brazil and the United States, thus enabling the fastest route possible for carriers, content providers and other entities focused on reducing latency and improving route diversity. The system also will have a branch that lands in Fortaleza, Brazil.

Subsea World News Staff , June 25, 2012;  Image: Seaborn

Share this article

Follow Subsea World News

Events>

<< Jun 2016 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

SMM 2016

SMM Hamburg 2016 is the leading international forum of the maritime industry.SMM offers the unique chance for exhibitors and trade visitors…

read more >

Fundamentals of Subsea Systems

The origins of the subsea sector go back as far as 1940. However, until 1978, subsea systems were quite rudimentary and certainly not suited…

read more >

UK Marine Energy Conference

The UK Marine Energy Conference 2016 focuses on accelerating wave and tidal energy as viable energy alternatives, whilst maintaining the UK…

read more >

12th Annual Deepwater Intervention Forum

The 12th Annual Deepwater Intervention Forum presented a first-hand look at emerging and proven technologies which offered real-world…

read more >