Highlights / Key Facts
Brazilis the largest national economy in Latin America, the world's eighth largest economy at market exchange rates and the seventh largest in purchasing power parity (PPP), according to the International Monetary Fundand the World Bank. As global enterprises look to capitalize on the business opportunity in Brazil, they are finding that they also require more capacity to run IT operations including cloud-based applications. By connecting to Equinixdata centers, Monet and its users can leverage Equinix'smature business ecosystems and interconnection platform – Platform Equinix™ – which connects more than 8,000 global businesses in 40 markets around the globe.
- According to industry research firm TeleGeography's Global Bandwidth Research Service, over a billion dollars will be spent in construction costs of sub-sea cables to
Latin Americaand the Caribbeanfrom 2015-2016, the second highest region globally. Currently, more than 99 percent of global data traffic is carried through submarine fiber cables, with less than one percent of the remaining traffic carried through satellite systems. This increased connectivity is expected to provide an ultra-low latency path for Equinixand Monet customers deployed between Miamiand São Paulo.
- Networks are an essential part of business, education, government and home communications. Many residential, business, and mobile IP networking trends are being driven largely by a combination of video, social networking, and advanced collaboration applications, termed "visual networking." To remain competitive, network operators are expanding their infrastructures to meet demand for these new services—and are turning to colocation data centers that not only offer all the network-to-network connectivity of a carrier hotel, but also act as aggregation points for concentrations of customers in network-centric industries.
- Monet will feature the latest high-quality 6-fiber-pair cable and optical transmission technologies, with an initial design capacity of greater than or equal to 60Tb/s (100Gb/s x 100 wavelengths x 6 fiber-pairs). This new cable system will be landed at
Equinix's Miami(MI3) data center in North Americaand will feature seamless connectivity to many neighboring cable systems to extend the capacity beyond Miamito other North American and European locations.
Brazil, Monet will land in Fortalezaand Praia Grande near São Paulo for distribution of traffic into South America. Landing facilities in those markets are to be provided by Angola Cables in Fortalezaand
- The U.S.-
Brazilroute is an increasingly used route as more businesses deploy in Latin Americaand require high-bandwidth connectivity between these markets. Equinixhas seen a rise in sub-sea cable deployments as part of an increasing trend to upgrade capacity as legacy cables end their lifecycles. Monet continues this trend and is one of the first new fiber-optic networks connecting Braziland the United Statessince 2001. Equinix's Miamidata centers are at the heart of one of the largest Internet exchange points in the world and serve as a major communications gateway to the commercial centers of Latin America. Equinix's Miamicolocation facilities are home to a dense concentration of financial services companies, cloud and IT providers, network service providers, ISPs, content delivery networks and enterprises, and provide the ability to serve Latin American.
- Javier Emicuri, Antel CEO and Chairman of Monet Executive Committee:
"We're pleased to celebrate this important announcement made by companies strongly committed to connect geographies, people, countries and cultures. Monet System combined with other local and regional investments will provide state-of-the-art connectivity technology to enable the development of value-added and new generations cloud services, including content distribution to the Latin American Market."
Tim Stronge, vice president, Research, TeleGeography:
"The decision to locate Monet's
Ihab Tarazi, chief technology officer, Equinix:
"We are seeing strong demand from network, cloud and content customers looking to leverage our MI3 data center in
About Algar Telecom
Algar Telecom is a leading Brazilian Telecommunications Company. It offers landline and mobile telephony, broadband Internet access (3G and ADSL), data communications, cable television, IT solutions, national and international long distance services. For more information, visit http://www.algartelecom.com.br/
About Angola Cables
Angola Cables is an Angolan telecommunications company founded in 2009, which operates in the wholesale market and whose core business is the commercialization of capacity in international circuits for voice and data through Submarine Cable Systems throughout the South Atlantic and Africa. Angola Cables is responsible for the management and development of WACS (West Africa Cable System) providing carrier level services to operators in
Antel is the Uruguayan state owned
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering
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