After its successful emergence from Chapter 11, leading subsea cable systems operator Seaborn recently announced that it has appointed board members Pete Hayes and Don Shassian as Interim CEO and Interim CFO, respectively.
At a hearing on June 30, 2020, the U.S. Bankruptcy Court for the Southern District of New York confirmed the joint Plan of Reorganization of Seabras 1 USA, LLC and Seabras 1 Bermuda Ltd. Under the terms of the approved plan and restructuring, Seaborn now leverages a solid basis for its continued growth. With the appointment of these two leaders, the company is poised to begin a new era of success.
“We believe that Seaborn’s technology-driven, client-first approach and advanced delivery solutions are best-in-class,” says Todd Bright, Partner and Head of Private Infrastructure Americas at Partners Group, a global private markets investment manager and owner of Seaborn on behalf of its clients. “We will continue to work side-by-side with Seaborn as a value-added investor to help the company meet the needs of its customers now and in the future.”
Seaborn’s services offer the vital stability of diversified subsea and terrestrial routes, delivering fault-resilient network architectures, increased security and enhanced quality of service. This industry-leading commitment to service is strengthened by the Seabras-1 subsea cable system, which connects Brazil to the U.S. with the lowest latency and highest reliability across multiple Points of Presence (POPs) in São Paulo, Rio de Janeiro and the New York City metropolitan area. Seaborn’s innovation and expertise, paired with Partners Group’s global reach and operational experience, allows Seaborn to continue to grow, expanding its capability and offerings.
“We are more than a developer and operator of subsea cable systems,” said Andy Bax, Co-Founder and Chief Operating Officer of Seaborn. “Together with our partners, we are the only network and services provider across the Americas ideally positioned to help our customers by providing the right solutions with more agility than ever before.”
Seaborn meets global communications requirements across the Americas by delivering wavelength, Ethernet private line and IP services. Unique among independent cable operators, Seaborn fully operates and maintains its submarine and terrestrial cable infrastructure, including POPs, terrestrial backhaul, landing stations and beyond. The Seaborn team has designed, built and operated more subsea cable systems than any other telecom management team, and their work has realized over 75 landing stations, 250 global POPs and 250,000 km of subsea fiber optic cable.
“The versatility and expertise of our team adds tremendous value to the world-class services we provide. Seaborn is always responsive to our customers’ needs, and when a challenge arises, we quickly assemble the right team to help develop a solution tailored to their unique business requirements,” concludes Michel Marcelino, Senior Vice President and Head of Latin America for Seaborn. “I’m looking forward to continuing to share this enhanced quality of service with our global and regional customers.”
“We are excited about the future and sincerely thank all of our employees, customers, providers and other business partners for their continued commitment to the company,” continued Bax. “Our world-class team will continue to work hard to deliver innovative advancements and new, industry-leading solutions for our customers and partners for years to come. As a fully integrated team, Seaborn and Partners Group are ideally positioned to deliver critical regional and international infrastructure to the Americas and beyond.”
To learn more about Seaborn, please visit www.seabornnetworks.com.