Brasil Telecom GlobeNet is a wholly owned subsidiary of Brasil Telecom (NYSE-listed "BTM"), headquartered in Brasilia, D.F., Brazil, one of Brazil's largest and most financially solid full-service telecommunications operators. 

GlobeNet's services and network reach are complemented by those of Brasil Telecom and Brasil Telecom Comunicaçãoes Multimídia, Ltda (formerly Metro Red, Brazil's largest and most advanced metropolitan area services provider, located in and serving the industrial and commercial heartland of Brazil, the Rio de Janeiro-Belo Horizonte-Sao Paulo triangle).  Together with its strategic partners, GlobNet provides end-to-end solutions between Bermuda, Brazil, USA and Venezuela for carrier and enterprise customers in those countries.

For more information on Brasil Telecom, click Main Site (Portuguese only) or Investor Relations (English).

COMPANY MILESTONES

Dec 2006: GlobeNet introduces the G-Net Link, a new product that provides enhanced connectivity to New York, Miami & Caracas, delivering conversion, switching, hubbing and grooming services over an International Private Line.

Nov 2006: GlobeNet announces an SDH capacity network upgrade, adding an additional 40 Gigs on the network.

June 2003: Brasil Telecom acquires the GlobeNet network from 360americas.

Nov 2002: Brasil Telecom confirms its interest in acquiring the GlobeNet system.

Oct 2001: 360americas releases an Offering Memorandum to sell the GlobeNet system.

June 2001: 360networks files for Chapter 11 bankruptcy protection.

March 2001: Alcatel completes the "Atlantica-1" network at a cost exceeding US $1 Billion.  The 360americas GlobeNet system begins operation, linking the USA, Bermuda, Brazil, and Venezuela.