Seaborn Networks and Natixis announced on March 3, 2014 that Seaborn has mandated Natixis, a major French bank, to act as sole structuring bank, underwriter and lead arranger for a fully underwritten USD 290 million senior secured project financing debt for the development and installation of Seaborn’s new subsea fiber optic cable system between commercial and financial centers of Brazil and the United States, Seabras-1 submarine cable. Natixis is also expected to serve as COFACE Facility Agent and Security Agent for this project debt.
Signs of change
In the last few weeks there have been some signs that the carrier world is likely to face its biggest change and shake up since the era of deregulation.
Postings from a high ranking Telia Sonera executive and news about Face books intentions underline that change is already here.
In a recent post Neil Tagare, who is never shy of writing what many do not want to hear, wrote on his blog that carriers should be very scared at the Facebook /WhatsApp news because it has the potential to shift a huge number of revenue generating communications off of carrier networks and onto the face book network.
DALLAS, TEXAS, USA – (February 26, 2014) – Xtera Communications, Inc., a leading global provider of optical networking solutions, will be present at OFC 2014 with a live 100G unrepeatered transmission demonstration over 500km fiber length on the exhibit floor, two papers, and participation in a 100G workshop. OFC 2014 is the world's leading event for advancing optical solutions and will be held on 9-13 March 2014 in San Francisco, California, USA.
According to Reuters, Brazilian President Dilma Rousseff promoted and confirmed on the EU-Brazil Summit 2014 on Monday to lay an undersea communications cable from Lisbon to Fortaleza to reduce Brazil's reliance on the United States after Washington spied on Brasilia. And Brazil and the European Union have agreed the $185 million Brazil-Europe submarine cable project. Earlier this month, Telebras unveiled the plan to form a joint venture with Spain's IslaLink Submarine Cables to lay and operate a Brazil-Europe submarine cable.
Source: China Daily, Feb. 21, 2014 By Shen Jingting
China Telecom Corp Ltd, the largest fixed-line service and the third-biggest mobile network operator in China, aims to become a world leader in integrated information services by 2016.
As an increasing number of Chinese enterprises expand overseas, China Telecom hopes to play an active role in supporting them with seamless global information services, Deng Xiaofeng, chief executive officer of China Telecom Global Ltd, told a news conference in Beijing on Thursday.
According to FOX NEWS, Brazilian state-owned telecom provider Telebras announced on February 12 plans to form a joint venture with Spain's IslaLink Submarine Cables to lay and operate a Brazil-Europe submarine cable. The Brazil-Europe submarine cable project is expected to cost $185 million and be completed in 2016.
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