GlobeNet Name Winner in the 2012 Hot Companies and Best Products Awards by Network Products Guide

GlobeNet’s Ultra-low Latency Trading Connection to Brazil wins “Suitable for Latin America” Category

Boca Raton, FL – May 22, 2012 – GlobeNet, an international wholesale provider of submarine capacity, and a wholly owned subsidiary of Oi, announces today that Network Products Guide, industry’s leading technology research and advisory guide, has named GlobeNet a winner of the 7th Annual 2012 Hot Companies and Best Products Awards for its Ultra-Low Latency Trading Connection to Brazil, in the ‘Suitable for Latin America’ category. These industry and peer awards from Network Products Guide are the world’s premier information technology awards, honoring achievements and recognitions in every facet of the IT industry.

GlobeNet’s ultra-low latency trading connection to Brazil is the fastest available to BM&F BOVESPA, the leading financial exchange in Latin America. The connection was created in response to an increasing demand from customers to quickly leverage Latin America’s emerging market opportunities. The connection links BM&F BOVESPA in Sao Paulo to NASDAQ in New York/New Jersey, and routes to major global exchanges including NYSE, CME, BATS, LSE, Deutsche Borse and Eurex.

“GlobeNet’s Ultra-Low-Latency solution ensures secure and seamless cross-border transactions for financial firms including High Frequency Traders,” states Eduardo Muller, North American Sales Director of GlobeNet. “Our network allows us to offer our clients ultra fast connectivity into key emerging marketplaces, such as BM&F BOVESPA.”

“GlobeNet is honored to be named the winner by Network Products Guide in the ‘Suitable for Latin America’ category, as this is an esteemed industry and peer award,” comments Erick W. Contag, Chief Operating Officer of GlobeNet. “Our ultra-low latency connection creates opportunities for those looking to increase their exposure to Latin America, and to diversify their product portfolio.”

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