Sparkle, Algar Telecom Extend Submarine Cable Assets to Monet

Sparkle has acquired the right to use Algar’s fiber optic asset on Monet connecting Brazil to the United States and becomes its international connectivity and IP transit long-term provider.

Sparkle, the first international service provider in Italy and among the top global operators, and Algar Telecom S.A., an Algar Group’s IT and telecommunications company, have signed a partnership whereby Sparkle acquires the right to use the Algar Telecom fiber optic asset on Monet, connecting Brazil to the United States, and becomes Algar Telecom’s long-term provider of international connectivity and IP transit. Furthermore, Algar Telecom’s current and long-term strategic objectives will be guaranteed through a service agreement.

Monet is a new generation cable spanning 10,556 km and connecting Boca Raton, Florida, to both Fortaleza and São Paulo in Brazil. Under the agreement, Algar Telecom assigns to Sparkle the right to use its Monet fiber optic asset transferring control and operation of the fiber capacity as well as future investments and equipment management.

With this partnership, Algar Telecom improves the use of its asset and has potential access to Sparkle's global network and to new relevant markets, generating value for its customers. Additionally, the two companies will share commercial insights and best practices, also through joint workshops, to better fulfil customer needs.

On the other hand, Sparkle gains full control over an additional fiber optic submarine asset, increasing capacity on the cable – with speeds up to 18 Tbps with the current technologies - catering the huge and growing connectivity demand between Brazil and the United States. In addition, it enhances the redundancy of its continental backbone which boasts five diversified routes between North and Central-South America, including three new generation undersea “digital highways”: Monet and Seabras-1 in the Atlantic and Curie in the Pacific.

With Monet, Sparkle continues the expansion and strengthening of its American network, which now counts 56 Points of Presence across US, Argentina, Chile, Colombia, Panama, Peru and Venezuela, a capillary presence in Brazil and an open landing and connectivity hub in Panama.

Algar Telecom, Algar Group’s company, has a broad portfolio of Telecom and IT solutions to serve corporate (B2B) and retail (B2C) customers. The company offers ultra-speed fiber optic internet, quality cell phones, voice, data, and IT services, including cloud and network security services, as well as management systems for small businesses.

With 70 years on the market, it has a modern infrastructure, supported by a 132 thousand km network of optical fiber that currently serves more than 372 cities, in 16 states in Brazil and the Federal District. For all these locations, the company invests in personalized, consultative, and effective service to deliver increasingly better quality to customers.

A public company, not listed on the Brazilian Stock Exchange since 2007, Algar Telecom is committed to the best corporate governance practices. There are more than 4,200 associates - as the company's employees are called - committed to maintaining a close relationship with their customers and high-quality service provision, with sustainable, and innovative practices.