Jefferies & Company, Inc. is engaged as financial advisor for US-Brazil cable project financing
Boston, MA – June 22, 2012 – Seaborn Networks, the developer and operator of the first direct submarine cable between the United States and São 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 São 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.Posted on 22nd June 2012
Seaborn atends global communications needs in the Americas, providing Transport, Ethernet Private Line and IP services. Unique among independent cable operators, Seaborn fully operates and maintains its subsea and land-based cable infrastructure. POPs, Terrestrial Backhaul and Cable Landing Station of submarine cables are owned by Seaborn. Seaborn’s team has designed, built and operated more submarine cable systems than any other telecommunications team, including more than 75 Cable Landing Stations, 250 global POPs and 250,000 km of submarine fiber optic cables. Visit www.seabornnetworks.com for more information or follow us on LinkedIn.
Kai Honda, Manager of Sales Operations and Marketing