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

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