There is no hotter place right now when it comes to new submarine cable plans than Brazil, with multiple projects competing for top billing for bringing big bandwidth to South America. One of those, Seaborn Networks, upped the ante substantially this morning by announcing a major anchor tenant for its proposed Seabras-1 system. Tata Communications (NYSE:TCL, news, filings) says that it plans to purchase capacity on Seabras-1 to extend the global reach of the Tata Global Network.
The TGN network of course recently completed the last leg of a circumnavigation of the globe. Despite that network extent, however, Tata had yet to make a big move into Latin America. But with the World Cup and Olympics going there in a few years, obviously the time is right.
As for SeaBorn Networks, their plan launched in March for a brand new 10,500km system connecting Miami and Sao Paolo with a branch to Fortaleza with a whopping 32Tbps of theoretical capacity. Today's Tata PR says the target date is the fourth quarter of 2014. Having Tata on board this early may help them as they line up the funding for the project.