Seaborn Networks, a subsea cable operator, obtained a “Promise of Guarantee” credit facility from a French export credit agency Coface for the funding of its submarine cable linking US and Brazil.
As Light Reading reports, Seaborn Networks intents to have Seabras-1 submarine cable ready in 2015.
Seabras-1 will connect New York and Sao Paolo, with a landing station in Fortaleza, Brazil, and will have a capacity of 40 Tbit/s.
Seaborn Networks CEO Larry Schwartz said that the funding for the cable is near with the grant of Coface guarantee.
Seabras-1 will be built by Alcatel-Lucent in partnership with Tata Communications.
Subsea World News Staff, November 13, 2013; Image: Seaborn Networks