Seaborn Networks announced the completion of its US$500 million project funding for Seabras-1, a new transoceanic subsea fiber optic cable system directly connecting points of presence (POPs) in New York City (US) and São Paulo (Brazil). All conditions to this project financing have been fully satisfied; debt and equity funds have been drawn.
Seabras-1, owned jointly by Seaborn and global private markets investment manager Partners Group, uses next-generation coherent technology to deliver high-capacity and low latency telecommunications for one of the fastest-growing transoceanic routes in the world. This six-fiber pair system with initial maximum design capacity of 72 Tbit/s is the first system to provide a direct point-to-point route between the commercial and financial centers of the United States and Brazil. Seabras-1 also includes branching units installed on certain of its fiber pairs that point towards Halifax (Canada), Ashburn (US), Miami (US), St. Croix (US), Fortaleza (Brazil), Rio de Janeiro (Brazil), and Las Toninas (Argentina).
Julian Rawle, Author
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