{"id":77,"date":"2014-01-10T13:33:45","date_gmt":"2014-01-10T13:33:45","guid":{"rendered":"http:\/\/localhost:8888\/WORDPRESS\/SEABORN\/?p=77"},"modified":"2015-03-05T13:31:08","modified_gmt":"2015-03-05T13:31:08","slug":"ifc-invests-in-seaborn-networks","status":"publish","type":"post","link":"https:\/\/seabornnetworks.com\/homolog\/ifc-invests-in-seaborn-networks\/","title":{"rendered":"IFC invests in Seaborn Networks"},"content":{"rendered":"<p><strong>A shared vision for a unique developer and operator of subsea routes to benefit emerging markets<\/strong><\/p>\n<p><strong>WASHINGTON, D.C. and BOSTON, MA, January 10, 2014 \u2013<\/strong> The International Finance Corporation (IFC), a member of the World Bank Group, and Seaborn Networks Holdings, LLC today announced that the IFC is now an investor in Seaborn Networks. Seaborn\u2019s recent financing round, which was led by Seaborn\u2019s existing investor group, also included the IFC. Funds raised by Seaborn will be used for Seabras-1, which is Seaborn\u2019s new Brazil-US submarine cable project.<\/p>\n<p>Seabras-1 is a new 40 Tbps submarine fiber optic cable system between S&atilde;o Paulo and New York City, with an additional landing in Fortaleza, Brazil, that is scheduled for completion in 2015. The new system is being built for Seaborn by Alcatel-Lucent Submarine Networks and will be the first direct route between S&atilde;o Paulo and the United States.<\/p>\n<p>\u201cSeaborn\u2019s approach of selling spectrum and lit capacity on the wholesale market helps to accelerate broadband development, an important tool for economic growth, in Brazil and other South American countries,\u201d said Aniko Szigetvari, IFC Head of Telecom, Media and Technology for Africa and Latin America.<\/p>\n<p>\u201cWe welcome the IFC as an investor and value-added partner with regard to Seabras-1 and future routes,\u201d said Larry Schwartz, Seaborn\u2019s CEO. \u201cIFC\u2019s involvement with Seaborn will accelerate our plan to become a unique developer of subsea routes.\u201d<\/p>\n<p>While Seabras-1 remains Seaborn\u2019s priority, certain other routes are already in the development stage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A shared vision for a unique developer and operator of subsea routes to benefit emerging markets WASHINGTON, D.C. and BOSTON, MA, January 10, 2014 \u2013 The International Finance Corporation (IFC), a member of the World Bank Group, and Seaborn Networks Holdings, LLC today announced that the IFC is now an investor in Seaborn Networks. Seaborn\u2019s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-77","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IFC invests in Seaborn Networks - Seaborn Networks<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seabornnetworks.com\/homolog\/ifc-invests-in-seaborn-networks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC invests in Seaborn Networks - Seaborn Networks\" \/>\n<meta property=\"og:description\" content=\"A shared vision for a unique developer and operator of subsea routes to benefit emerging markets WASHINGTON, D.C. and BOSTON, MA, January 10, 2014 \u2013 The International Finance Corporation (IFC), a member of the World Bank Group, and Seaborn Networks Holdings, LLC today announced that the IFC is now an investor in Seaborn Networks. 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