Following up its extensions to London and Toronto, sidera is adding additional submarine capacity to its network. They will be acquiring capacity on Seaborn Networks’ planned Seabras-1 system between the US and Sao Paolo, Brazil, planning to have in place the lowest latency route when it goes online in 2014.
Seaborn Networks is one of several new cables proposing to bring major capacity to South America. But in contrast with the rest of the field, they seem to be focusing on lining up capacity sales well in advance. Four weeks ago it was the Indian giant Tata that signed on as an anchor tenant, hoping to leverage the new cable to bring its TGN systems to another continent.
Sidera’s international interest follows the financial vertical, which they have a big piece of in the New York metro area and surrounding intercity connections. Where to next, Hong Kong perhaps? First things first though… I note that Seaborn’s US landing point is expected to be Miami, to which Sidera does not yet connect. They have time of course, but maybe they have something special in mind for the DC to Miami leg as well.
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Categories: Low Latency · Undersea cables
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Nobody has actually purchased anything. Just signed an agreement that they will purchase if built. It seems to me that Seaborn is trying to raise money still, but for what? I have seen no business plan,licenses in Brazil are not filed, no investors that I can see. Pre – ITW marketing was amateur hour at best, with pricing too low to be true. I am not sold on this as of yet.
It is like they say if it is too good to be true ….