SEABORN CHARTS COURSE FOLLOWING SUCCESSFUL EMERGENCE FROM CHAPTER 11

KUALA LUMPUR, July 9 -- Seaborn, a leading subsea cable systems operator has appointed board members Pete Hayes and Don Shassian, as Interim Chief Executive Officer (CEO) and Interim CFO, respectively.

This follows its successful emergence from Chapter 11, according to a statement.

“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,” said Seaborn Co-Founder and Chief Operating Officer, Andy Bax.

bootstrap slideshow

“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.”

Seaborn’s innovation, expertise and customer-commitment and the global reach and operational experience of Partners Group will allow Seaborn to continue to grow in capability and service offerings beyond cable operation and ownership.

Partners Group is a global private markets investment manager and owner of Seaborn on behalf of its clients.

“We are more than a developer and operator of subsea cable systems. 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,” added Bax.

Seaborn’s services are provided with the stability of diversified subsea and terrestrial routes delivering fault resilient network architectures, increased security and improved QoS.

This industry leading commitment to service is underpinned by the Seabras-1 subsea cable system, connecting Brazil to the United States, with the lowest latency and highest reliability across multiple POPs in São Paulo, Rio de Janeiro and the New York City metropolitan area.

-- BERNAMA