Alcatel-Lucent announces Seaborn Networks receives Coface guarantee for Brazil US cable project

Seaborn Networks today announced that Coface, the French Export Credit Agency, has issued, for the account of the French State, a "Promise of Guarantee" for a credit facility for the Seabras-1 Brazil-US cable project subject to certain closing conditions.

Seaborn Networks intends to use the buyer credit to facilitate the manufacture and installation of Seabras-1, a new four-fiber pair Brazil-US submarine cable system being built by Alcatel-Lucent for Seaborn Networks. Seabras-1 will be the first direct route between Sao Paulo and New York, and the system will also have a landing in Fortaleza, Brazil.

ABOUT ALCATEL-LUCENT (EURONEXT PARIS AND NYSE: ALU)

Alcatel-Lucent is at the forefront of global communications, providing products and innovations in IP and cloud networking, as well as ultra-broadband fixed and wireless access to service providers and their customers, enterprises and institutions throughout the world.

Underpinning Alcatel-Lucent in driving the industrial transformation from voice telephony to high-speed digital delivery of data, video and information is Bell Labs, an integral part of Alcatel-Lucent and one of the world's foremost technology research institutes, responsible for countless breakthroughs that have shaped the networking and communications industry. Alcatel-Lucent innovations have resulted in the company being recognized by Thomson Reuters as a Top 100 Global Innovator, as well as being named by MIT Technology Review as amongst 2012's Top 50 "World's Most Innovative Companies". Alcatel-Lucent has also been recognized for innovation in sustainability, being named Industry Group Leader for Technology Hardware & Equipment sector in the 2013 Dow Jones Sustainability Indices review for making global communications more sustainable, affordable and accessible, all in pursuit of the company's mission to realize the potential of a connected world.

With revenues of Euro 14.4 billion in 2012, Alcatel-Lucent is listed on the Paris and New York stock exchanges (Euronext and NYSE: ALU). The company is incorporated in France and headquartered in Paris.

Source: Alcatel-Lucent

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