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>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

Deepwater Operations Conference & Exhibition

The Deepwater Operations Conference and Exhibition provides a unique experience for attendees and exhibitors to share…

read more >

24th Annual Africa Oil Week 2017

The Conference portraying five days of senior-level executive insights, with rich-content on corporate strategies and portfolio, exposure…

read more >

OTC Brasil 2017

OTC Brasil is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum, Gas and Biofuels Institute (IBP)…

read more >

Rio Pipeline 2017

Rio Pipeline Conference & Exhibition has changed its branding design, to unify the whole pipeline community, in an even more complete event…

read more >