The New Synapse Cable: Brazil To Tuckerton, New Jersey
A couple years ago BTG Pactual Infrastructure Fund II purchased the subsea operator, GlobeNet, as well as a South American fibre optics backbone company, OI, and combined those assets with a couple of data centers. Globenet's main asset, its cable linking New Jersey to Sao Paulo, is near end of life. But its cable landing stations face no such expiration date. Moreover, the Fortaleza CLS is a well known peering point with a lot of customers. BTG put all the telecom assets in a telecom infrastructure subsidiary known as V.TAL. At PTC in Hawaii V.TAL announced its plan for a 16 fibre pair, 320 Tbps subsea cable that will link the Sao Paulo Equinix data centers to Secaucus Equinix and probably also the NASDAQ and NYSE data centers in Carteret and Mahwah, New Jersey. The Globenet assets will accelerate the project because Synapse will use its cable landing stations in Tuckerton and Fortaleza as well as some of the existing US back haul fibre. The OI backbone, purchased f...