Seaborn Networks’ US-Brazil cable named Best Americas ECA Finance Deal
Boston, MA, April 13, 2016 – Seaborn Networks, a preeminent developer of subsea fiber optic cable systems for the global communications industry, announced today that its Seabras-1 cable project was awarded a “Perfect 10 ECA Finance Deal of the Year” by the prominent international magazine Trade & Export Finance. This award is given to the world’s best projects in the export credit agency/project finance market.
The Perfect 10 Award is the second award this quarter to recognize Seabras-1 as the first export credit agency-backed project financing of a subsea cable project in the 160-year history of the global telecommunications industry.
Seaborn completed its US$500 million project financing for the 72Tbps Seabras-1 system in Q4 2015. Manufacturing of the full system is ongoing and, when completed in Q2 2017, will provide the first-ever direct point-to-point route between New York City and São Paulo. Seabras-1 was developed, and will be operated, by Seaborn Networks.
About Seaborn Networks
Seaborn Networks is a developer and operator of submarine fiber optic cable systems with an independent cable operator model, including Seabras-1 which is the first direct point-to-point submarine cable system between the financial centers of the US and Brazil. Seabras-1 is a 72Tbps system that will connect New York and São Paulo. Seaborn was founded by successful submarine cable and wholesale carrier executives with experience in designing, building and operating many of the world’s largest submarine and terrestrial networks.
Media relations contact:
Phone: +1 978 377 8366
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