Seaborn Networks Receives Coface Guarantee for Seabras-1 Cable Project

Seaborn Networks announced that Coface, the French Export Credit Agency, has issued, for the account of the French State, a “Promise of Guarantee” for a credit facility for the Seabras-1 Brazil-US cable project subject to certain closing conditions.

Seaborn Networks intends to use the buyer credit to facilitate the manufacture and installation of Seabras-1, a new four-­fiber pair Brazil-US submarine cable system being built by Alcatel-­‐Lucent for Seaborn Networks.

Seabras-1 will be the first direct route between Sao Paulo and New York, and the system will also have a landing in Fortaleza, Brazil. Seaborn Networks also announced that the maximum design capacity for Seabras-1 has been increased from 32 Tbps to 40 Tbps in response to market and customer demand for high bandwidth services.

“Our receipt of the Coface Guarantee is a critical achievement for the Seabras-1 project,” said Larry Schwartz, CEO of Seaborn Networks. “As Brazil and other South American countries continue to experience unprecedented growth in demand for telecommunications services, Seabras-1 is well positioned to support the region’s international communications needs.”

This new submarine cable system will be based on Alcatel-Lucent’s advanced 100 Gbps coherent technology, developed by Alcatel-­Lucent in Villarceaux, near Paris. The ready-­for-­service date of Seabras-­1 is in 2015.

Press Release, October 22, 2013

 

Share this article

Follow Subsea World News

Events>

<< Dec 2018 >>
MTWTFSS
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 6

All-Energy 2019

All-Energy is the UK’s leading renewable energy and low carbon innovation event, showcasing the latest technologies and services…

read more >

ACENS 2019

Submission shall pass the double blind paper review first in order to be presented in the conference…

read more >

Deepwater Operations Advisory Board

This event allows for the free and open exchange of ideas, as proceedings will not…

read more >

Subsea Tieback Forum & Exhibition

The content addresses new operational issues, challenges, and solutions associated with global deepwater subsea operations…

read more >