Seaborn completes US-Brazil submarine cable

Tuesday 11 July 2017 | 10:57 CET | News
Update: 12 July 2017 | 15:58 CET
Seaborn Networks announced the completion of its submarine cable connecting Sao Paolo with New York. The company expects the USD 520 million Seabras-1 subsea link to enter service in August.

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[12/07/2017 15:58- Update: Corrects financing partners and branch destinations.]

Categories: Fixed
Companies: Alcatel / Seaborn Networks
Countries: Brazil / United States
::: add a comment


Please note Seabras-1 is not funded by TI Sparkle this is mistaken information. Full project equity capital for Seabras-1 was provided by Partners Group and development capital was provided by Seaborn. The project funding also includes total project debt of up to US$267 million provided by Natixis, Banco Santander, Commerzbank and Intesa Sanpaolo, which debt is backed by COFACE, the French Export Credit Agency. In addition branching units point towards Virginia Beach, Miami, USVI, Cape Town (S.Africa), Rio de Janeiro, Brazil South and onwards connectivity to Las Toninas Argentina on ARBR system.
Kate Wilson @ 12/7/2017 - 02:50

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