Monet Submarine Cable to expand connection between U.S. and Brazil
Monet is a planned submarine cable that is currently designed to deliver over 60 terabits of capacity between the U.S. and Brazil.
Monet is owned by Algar Telecom, a Brazilian telecom company and ISP, Angola Cables, an Angolan telecom company operating in the wholesale market, Antel, the Uruguayan telecom company, and Google. In addition to being a Monet Investor Google is also the U.S. landing party for Monet.
Construction of the system is underway and is expected to be completed in 2017, terminating in the U.S. at Equinix's MI3 International Business Exchange (IBX) data center, which services the greater Miami metropolitan area.
Brazil is 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 Fund and 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 Equinix data centers, Monet and its users can leverage Equinix's mature 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 America and the Caribbean from 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 Equinix and Monet customers deployed between Miami and São Paulo.
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