GlobeNet Expands International Coverage Into Colombia

BOCA RATON, FL and BOGOTA, COLOMBIA--(Marketwire - September 8, 2010) -  GlobeNet, an international wholesale provider of submarine capacity, and a wholly owned subsidiary of Oi (BOVESPA: TNLP3) (BOVESPA: TNLP4) (BOVESPA: TMAR3) (BOVESPA: TMAR5) (BOVESPA: TMAR6) (NYSE: TNE), the largest telecommunications company in Brazil, announces today the expansion of its services in Colombia. The expansion includes diverse rings providing secure connectivity to the wholesale carrier market, as well as direct routes to Brazil, Bermuda, the United States, and Venezuela. GlobeNet's expanded reach in South America is also marked by the opening of its first office and International Point-of-Presence (iPoP) in Bogotá.

GlobeNet offers international capacity services between the Americas over a dual ring-protected, fiber optic submarine cable system. Last month, GlobeNet's Colombian subsidiary was awarded their telecommunications license that grants us the right to provide a broad range of telecommunication services such as data, international capacity and transport services, IP transit / Internet, and other value added services.

GlobeNet's submarine cable system spans more than 22 thousand kilometers connecting Brazil, Bermuda, Venezuela, United States and now Colombia. With the current network configuration it now has 360 Gbps of lit capacity. The company intends to more than double its lit capacity by the end of 2011.

GlobeNet is the only International capacity provider that offers carriers a diverse route to and from Colombia by providing services via the eastern border. Its submarine network architecture is based upon the latest DWDM, SDH, and Carrier Ethernet technologies with network availability measured in excess of 99.99%.

"Our network expansion into Colombia offers carriers increased options to securely build their global networks and expand their reach," states Erick W. Contag, Chief Operating Officer for GlobeNet. "With our expertise and advanced technology, we bring to Colombia the same level of superior service and expanded options as we provide our customers in Brazil, United States, Venezuela and Bermuda."

"With the current economic growth in Colombia," continues Fabio Alexander Laguado, GlobeNet's Country Manager for Colombia, "the telecommunications industry must provide the latest and most reliable technology available in the world. This is why GlobeNet is in Colombia now -- to support growth of Colombia's telecom market via cutting edge connectivity and world-class customer support."

With its advanced submarine fiber optic cable system offering carriers connectivity from South America to the United States, GlobeNet's existing services include Carrier Ethernet, International Private Line, SDH Capacity services, and Wavelength services. For more information please visit www.globenet.net.

The market for international data traffic and transmission has been driven primarily by strong consumer growth in Internet and broadband services. The marked increase in the number of high-speed Internet users and their interest in accessing new technologies and applications such as multimedia, social networking and shared applications have driven demand for greater bandwidth availability. The need for internet based services has propelled a major growth spike contrasting prior traditional services such as e-mail or simply browsing the web.

About GlobeNet
GlobeNet provides international capacity services between North and South America over a dual ring-protected, fiber optic submarine cable system serving Bermuda, Brazil, Colombia, U.S.A., and Venezuela. The network spans more than 22,000 kilometers and offers a network availability of 99.99%. GlobeNet with its headquarters in Boca Raton, Florida and USA is a wholly-owned subsidiary of the Brazilian Oi (That acquired Brasil Telecom).

Contact Information:

For GlobeNet media inquiries, please contact:
Jaymie Scotto & Associates
+1.866.695.3629