Seaborn Networks Obtains “Promise of Guarantee” Credit Facility for Seabras-1 Subsea Cable

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

 

Share this article

Follow Subsea World News

Events>

<< Jul 2019 >>
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

Submarine Networks World 2019

As the key annual gathering for decision makers in the subsea communications value chain, they offer a dedicated platform…

read more >

8th International Conference 2019 Offshore Wind Power Substations

The International Conference Offshore Wind Power Substations is a technical event for experts in the wind industry.

read more >

Wind Turbine Towers

Wind Turbine Towers is a technical event for experts in the wind industry and the goal is to push forward technical development for future tower concepts.

read more >

Seatrade Europe 2019

The three day event will  take place in the hub of the European cruise industry, Hamburg; Germany…

read more >