US headquartered subsea cable operator Seaborn Networks has hired telecoms financing expert Roger Kuebel as new CFO.
Rogers previously held senior finance positions for operators including Global Crossing, Genuity, and GTE.
Larry Schwartz, CEO of the…
US headquartered subsea cable operator Seaborn Networks has hired telecoms financing expert Roger Kuebel as new CFO.
Rogers previously held senior finance positions for operators including Global Crossing, Genuity, and GTE.
Larry Schwartz, CEO of the subsea cable operator, said: “[Roger] will work closely with our institutional investors and lenders on each of our subsea routes”.
“He brings a unique skillset in telecom infrastructure finance that is directly applicable to an international developer and operator of submarine cables.”
Seaborn recently mandated Natixis as its sole structuring bank, underwriter and lead arranger for its fully underwritten US$290m senior secured project financing debt.
The proceeds will be used to fund the building of its new network, Seabras-1, which will link Sao Paulo and Fortaleza in Brazil with New York City via 10,400km of subsea cable. Seaborn signed a turn-key contract with Alcatel-Lucent to develop the system in October 2012.
Seaborn is owned by a number investors including the IFC, which injected an undisclosed amount into the venture in January.
According to Seaborn, Roger has extensive experience in all aspects of telecom financing in the bank and capital markets, and has led numerous equity and debt public offerings.
