French Export Credit Agency Supports Funding for Seabras-1 to be Built by Alcatel- Lucent
Boston, Massachusetts, October 21, 2013 – Seaborn Networks today announced that Coface, the French Export Credit Agency, has issued, for the account of the French State, a “Promise of Guarantee” for a credit facility for the Seabras-1 Brazil-US cable project subject to certain closing conditions.
Seaborn Networks intends to use the buyer credit to facilitate the manufacture and installation of Seabras-1, a new four-fiber pair Brazil-US submarine cable system being built by Alcatel-Lucent for Seaborn Networks. Seabras-1 will be the first direct route between São Paulo and New York, and the system will also have a landing in Fortaleza, Brazil.
Seaborn Networks also announced today that the maximum design capacity for Seabras-1 has been increased from 32 Tbps to 40 Tbps in response to market and customer demand for high bandwidth services.
“Our receipt of the Coface Guarantee is a critical achievement for the Seabras-1 project,” said Larry Schwartz, CEO of Seaborn Networks. “As Brazil and other South American countries continue to experience unprecedented growth in demand for telecommunications services, Seabras-1 is well positioned to support the region’s international communications needs.”
This new submarine cable system will be based on Alcatel-Lucent’s advanced 100 Gbps coherent technology, developed by Alcatel-Lucent in Villarceaux, near Paris. The ready-for-service date of Seabras-1 is in 2015.Posted on 21st October 2013
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