POST Online Media Lite Edition


Telebras and IslaLink partner for Brazil-Europe submarine cable

Staff writer |
The Telebras will be a company aiming to build and operate the Submarine Cable Brazil-Europe: JVCo (Joint Venture Company) is a Brazilian company with equity participation of 35% of Telebras + 20% + 45 investment funds % of Submarine Cables IslaLink.

Article continues below

Authorization to sign a shareholders' pre-agreement was given by the Board of Directors of Telebras.

The planned investment in the project is $185 million. The arrangements for the opening of the joint venture have already begun Telebras and expects to complete this step until June, starting operations in the second half of this year

The prediction is that the cable goes into operation 18 months after the commencement of works, informed the president of Telebras, Ziober Son Francisco, during a press conference.

President Caio Bonilha explained that beyond this cape to be built in partnership with IslaLink, a company that has extensive experience in the area, including several cables in Europe, Telebras also has a partnership with the Angola Cable in the construction of a cable connecting one African country.

Currently, there are five submarine cable linking Brazil and abroad, four of them go to the United States and only one for Europe.

Since its reactivation in 2010 Telebras built a fiber optic network of of 25,000 kilometers, connecting all regions of Brazil. The works are now in the completion of the optic ring that will meet FIFA for transmission of high definition video (HDTV) games of the World Cup 2014. And also extend the fiber optic network to meet PNBL in the Northeast and Amazon.

The Telebras also signed memorandum of understanding with companies Argentinan Silica Networks SA and Silica Networks Chile SA to establish a partnership to build, operate and maintain a fiber optic network to establish a connection between Brazil, in the city of Uruguayana (RS), and Argentina, in the city of Paso de Los Libres, Corrientes province, with direct connection to Chile, making it possible for Telebras access to networks on the Pacific coast.

Silica Silica Networks Argentina and Chile are holding Networks of fiber optic networks with high-capacity backbones that connect the cities of Santiago de Chile, Mendoza, Cordoba, Rosario, Buenos Aires, Bahia Blanca, Neuquen, Bariloche, Osorno and Paso de Los Libres.

What to read next

Mobily to build a submarine cable linking Asia to Europe
ZTT Group won $30 million bidding from Saudi Aramco
Omantel to invest $71m in submarine cable project