GlobeNet Expands International Coverage Into Colombia

GlobeNet, an international wholesale provider of submarine capacity, and a wholly owned subsidiary of Oi (Bovespa: TNLP3, TNLP4, TMAR3, TMAR5, TMAR6 and 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. 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.

"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 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."

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.