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>

<< Aug 2016 >>
MTWTFSS
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

FPSO World Congress 2016

The FPSO World Congress debuted as a humble platform for project information and knowledge exchange surrounding a relatively new floating…

read more >

ONS 2016

The ONS Conference is known as one of the world’s most important oil, gas and energy fora, giving the delegates a sneak peek into the future…

read more >

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 >

SPE Intelligent Energy International

SPE Intelligent Energy International consists of an SPE produced technical conference and a world-class exhibition positioned at the forefront…

read more >