Oi's International Subsidiary Provider of Submarine Capacity, GlobeNet, Upgrades Its Submarine Fiber Optic Cable System Capacity to Over 1.2 Tbps and Completes 100G Tests

BOCA RATON, FL--(Marketwire - Oct 8, 2012) - Oi's international subsidiary provider of submarine capacity, GlobeNet, announces today at Futurecom 2012 its plans to complete its third network capacity upgrade in three years on its lowest latency, fiber optic cable network connecting the Americas. This upgrade, bringing GlobeNet's network capacity to 1.2Tbps, and doubling its current lit capacity, will be completed in Q4 of this year.

GlobeNet's fiber-optic submarine system allows networks to bridge the Americas with low latency routing and the highest performance. The existing advanced network architecture, coupled with this latest network upgrade further serves the growing demand for bandwidth-intensive services from carriers, Internet Service Providers, Social Networks, CDNs, financial services, and end-users throughout Latin America and the United States.

In addition, GlobeNet successfully completed extensive trials with multiple coherent 100G technology platforms, demonstrating its capability to carry over 12Tbps over its four fiber pair subsea cable system, delivering more than ten times the capacity than the original design. When the next upgrade is complete, GlobeNet will be ready to offer even more bandwidth without the need of massive infrastructure deployment and immense capital investment, future-proofing its network.

"The tremendous increase of bandwidth capability further solidifies GlobeNet's position as a market leader with a superior network infrastructure," states Erick W. Contag, COO of GlobeNet. "Our network is ready today to support the future growth in Latin America, and in particular Brazil, where we are already seeing an increase in demand for networks to address high performance applications and services, such as 4G/LTE, FFTH, IPTV including HD and 3D video programming, and support of major sporting events taking place in Brazil in the coming years."

GlobeNet's international transport solutions serve Brazil, Bermuda, Colombia, United States and Venezuela, offering a wide range of products and services including International Private Line, Wavelength, Carrier Ethernet and IP Transit. 

About GlobeNet
GlobeNet provides International capacity between North and South America over a dual ring-protected submarine cable system serving Brazil, Bermuda, Colombia, the U.S.A., and Venezuela. Covering a distance of more than 22,000 kilometers, this sophisticated submarine cable network system is fully redundant and offers the lowest latency available between the Americas. The network links cable landing stations in Tuckerton, NJ and Boca Raton, FL, USA, with cable landing stations in Fortaleza (CE) and Rio de Janeiro (RJ), Brazil, St. David's, Bermuda as well as Maiquetía (Caracas) Venezuela. GlobeNet is a wholly owned subsidiary of Brazilian full-service telecommunications provider Oi.

About Oi
Oi is a pioneer company in the provision of bundled services in Brazil and offers local and long-distance voice transmission, mobile telephony, broadband and pay TV. In June 2012, the company had 72.3 million revenue generating units (RGUs). This total includes 45.2 million in personal mobile segment, 18 million in residential segment and 8.4 million in business/corporate segment. For the fourth consecutive year, Oi is part of the ISE - Corporate Sustainability Index portfolio of the BM&F BOVESPA, reflecting the company's commitment to social responsibility and corporate sustainability. For the second consecutive year, Oi is also part of the IC02 -- Carbon Efficiency Index -- of the BM&F Bovespa.