0
Broadband

Oi seeking to reduce fee for use of GlobeNet submarine cable

Monday 9 January 2017 | 15:26 CET | News
Brazilian telecommunications operator Oi is trying to reduce in court the amount paid for the use of capacity on the GlobeNet submarine cable between Brazil and the US, reports Teleco. When Oi sold GlobeNet to a fund managed by BTG in 201,3 it acquired for fifteen years a minimum capacity of 2.4 TB, for which it pays USD 242 million annually. The operator wants to reduce this fee to USD 115 million, which would correspond to its actual use, which is below the minimum contracted capacity.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: GlobeNet / Oi / Teleco
Countries: Brazil
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

GlobeNet inaugurates Colombian tier III data centre

Published 22 Nov 2017 09:11 CET | Colombia
Wholesale data network services provider GlobeNet has inaugurated a new data centre facility in Colombia to meet growing demand ...

GlobeNet to build new Colombia data centre, expand Brazil

Published 16 May 2017 15:06 CET | Brazil
Wholesale data network services provider GlobeNet has announced that it's building a new data centre facility in Colombia and ...

GlobeNet offering guards infrastructure against DDoS attacks

Published 23 Feb 2017 10:23 CET | North America
Wholesale data network services provider GlobeNet has announced the launch of DDoS Guard, a new platform designed to help ...

Brazilian government may intervene in Oi

Published 25 Jan 2017 22:12 CET | Brazil
Brazil's Minister of Science, Technology, Innovation and Communications, Gilberto Kassab, said that Oi, which is undergoing ...

Oi and TIM fight in court over infrastructure

Published 08 Jan 2017 19:43 CET | Brazil
Brazilian telecom operator Oi and TIM are involved in a dispute that has gone from administrative to judicial regarding the ...

Oi TV enables PPV for Elsys digital boxes

Published 08 Jan 2017 19:39 CET | Brazil
Brazilian pay-TV operator Oi TV has enabled customers equipped with the Elsys digital box to buy movies and other content from ...

Elliot Management prepares new bid for Oi - report

Published 08 Jan 2017 19:37 CET | Brazil
Hedge fund Elliott Management is preparing a new investment proposal to revitalise Brazilian telecom operator Oi, sources ...

Oi halts TIM service over BRL 54 million debt

Published 23 Dec 2016 16:30 CET | Brazil
TIM Brasil has still not paid out BRL 54 million it owes to rival operator Oi for the delay in the delivery of infrastructure, ...