The Economic Times: January, 2015
New Delhi: Tata Communications has invested in acquiring capacity in Seabras-1, a submarine cable being developed between the US and Brazil, seeking to increase services in the Latin American region.
"Latin America is a key emerging region and growing market on the world stage and our investment in Seabras-1 is part of our plan to enhance our offerings into that region," Genius Wong, senior vice president, global network services, Tata Communications, said in a statement on Monday.
Details of the investment and the capacity to be acquired were not provided.
Seaborn Networks is the developer and operator of the first express submarine cable between the US and Sao Paulo, Brazil. The Seabras-1 system is scheduled to be ready for service in the fourth quarter of 2016.
"Tata Communications' investment for significant capacity purchase in Seabras-1 is a clear indication of high demand in the market for an express submarine cable route between the US and Sao Paulo and seamless extension to other geographies in the world," Larry Schwartz, CEO of Seaborn Networks, said in the statement, which was jointly issued by Tata Communications and Seaborn.