Boston, MA, March 11, 2016 – Seaborn Networks, a leading developer of subsea fiber optic cable systems for the global communications industry, announced today that its Seabras-1 cable project was awarded as a “Best Deal of 2015” by Global Trade Review. Seabras-1 is the first export credit agency-backed project financing of a subsea cable project in the history of the global telecommunications industry.
Seaborn completed its US$500 million 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.
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