Seaborn Networks gets credit facility from France's Coface for Seabras-1 cable

Seaborn Networks, an independent submarine cable operator, has secured a "Promise of Guarantee" from Coface, the French Export Credit Agency, for the Seabras-1 submarine cable system connecting Sao Paulo, Brazil and the United States.

The service provider said it will use the buyer credit to drive the manufacture and installation of the Seabras-1 system, which is being built by Alcatel-Lucent (NYSE: ALU). It is also leveraging Alcatel-Lucent's 100G coherent optical technologies.

When this network is complete, it will provide a direct route between Sao Paulo and New York with an additional cable landing station in Fortaleza, Brazil.

In addition, Seaborn increased the maximum design for the Seabras-1 cable from 32 Tbps to 40 Tbps to meet anticipated customer demand for higher bandwidth services.

Although the network won't start offering services until 2015, Seaborn has been attracting a number of data center and carrier partners. Earlier this year it established Brazil gateways with Equinix (Nasdaq: EQIX) and Telx in Sao Paulo, Brazil, New York, and New Jersey.

For more:
- see the release

Special report: Submarine cable operators hunt for new routes to counter congestion, political turmoil

Related articles:
Seaborn Networks establishes gateways with Equinix and Telx in US, Brazil
Seaborn Networks to begin surveys to build Seabras-1 cable network
Seaborn taps Alcatel-Lucent to build its U.S.-to-Brazil cable network
Seaborn Networks to provide New York City to Sao Paulo submarine route

Suggested Articles

LF Edge, an umbrella organization that's part of the Linux Foundation, announced the second release of its Akraino Edge Stack.

Chris Young is leaving his role as CEO of cybersecurity firm McAfee to become a senior advisor with TPG Capital, which has a majority stake in McAfee.

CenturyLink wins a $1.6 billion contract with the U.S. Department of Interior to upgrade its network services and modernize its IT solutions.