Seaborn Networks

Seaborn Networks closes second funding round

jun 22, 2012 | Press Releases

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.