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GlobeNet and TE SubCom Begin Construction of Bermuda-US (Segment 5) Replacement

Replacement Segment Will Provide New, High-Capacity Link Between Bermuda and the United States

• GlobeNet and TE SubCom announce construction has commenced for the replacement of GlobeNet's Segment 5 (formerly BUS-1) subsea cable system.
• The new segment will be approximately 1,350 km in length and will have a total design capacity of 30 Terabits per second.
• Segment 5 is an integral component of GlobeNet's dual-ring subsea cable system linking Bermuda, Brazil, the United States and Venezuela.

GlobeNet, an international wholesale provider of submarine capacity, and a wholly-owned subsidiary of Oi, and TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology, announced today they have commenced construction for the replacement of Segment 5 of GlobeNet's high performance subsea cable system. This new subsea cable will provide more than 30 times the current capacity between Bermuda and the United States and is planned for completion in the first quarter of 2013.

The new segment will be approximately 1,350 km in length and is designed to support 150 wavelengths per fiber-pair at 100 Gbps per wavelength, giving the 2-fiber-pair system a total design capacity of 30 Terabits per second. It has the largest cross-sectional capacity per fiber pair of any system built or contracted to date.

Originally installed by TE SubCom in 1997, GlobeNet's Segment 5 lands in St. David's, Bermuda and Tuckerton, New Jersey. The replacement project includes the supply of new TE SubCom Submarine Line Terminating Equipment (SLTE), which allows transmission of multiple high-quality, high-bandwidth optical signals over ultra-long distances. To prepare for the upgrade, a marine route survey was completed in November 2011.

"The demand for Internet and video services is growing at an exponential rate, especially in emerging markets such as South America," stated Erick W. Contag, Chief Operating Officer of GlobeNet. "To ensure the highest level of network performance for our carrier customers, GlobeNet continuously invests in network upgrades, such as this Segment 5 replacement. GlobeNet's lowest latency, reliable, and highly secure network is designed to support bandwidth-intensive services including streaming media, high definition (HD) video, online gaming and social media applications. Each segment of the system is critical and we look forward to working with TE SubCom to ensure Segment 5 is fully optimized for our customers' growing needs."

GlobeNet's submarine cable network spans 22,000 km and connects Bermuda, Brazil, the United States and Venezuela, with further extensions to Colombia.

"This is another win for TE SubCom's latest ultra-high capacity designs, using our industry-leading 40G and 100G technologies," said David Robles, Sales Director, Americas Region, TE SubCom. "Upon successful completion, the Segment 5 Replacement will serve as a needed enhancement for the entire GlobeNet system and will support growing capacity demands between North and South America well into the future."

About GlobeNet
GlobeNet provides International capacity between North and South America over a dual ring-protected submarine cable system serving Bermuda, Brazil, Colombia, the U.S.A., and Venezuela. Covering a distance of more than 22,000 kilometers, this sophisticated submarine cable network system is fully redundant and offers the lowest latency available between the Americas. The network links cable landing stations in Tuckerton, NJ and Boca Raton, FL, USA, with cable landing stations in Fortaleza (CE) and Rio de Janeiro (RJ), Brazil, St. David's, Bermuda as well as Maiquetía (Caracas) Venezuela. GlobeNet is a wholly-owned subsidiary of Brazilian full-service telecommunications provider Oi (that acquired Brasil Telecom in 2009).

For more information visit www.globenet.net.

About TE SubCom
TE SubCom (SubCom), a TE Connectivity Ltd. company, is an industry pioneer in undersea communications technology and marine services and a leading global supplier for today's undersea communications requirements. Drawing on its heritage of technical innovation and industry recognized performance, SubCom delivers the most reliable, high quality solutions to organizations with undersea communications needs vital to their core mission. The company designs, manufactures and installs systems around the world, and has deployed more than 490,000km of subsea communication cable -- or enough to circle the earth more than 12 times at the equator. SubCom's global presence, backed by industry leading research and development laboratories, manufacturing facilities, installation and maintenance ships, depots, and management team work together to implement integrated solutions and network upgrades, with unsurpassed reliability, that support the needs of telecommunications, internet providers, offshore and science customers worldwide.

For more information visit www.SubCom.com.

About TE Connectivity
TE Connectivity is a global, $14 billion company that designs and manufactures approximately 500,000 products that connect and protect the flow of power and data inside the products that touch every aspect of our lives. Our nearly 100,000 employees partner with customers in virtually every industry -- from consumer electronics, energy and healthcare, to automotive, aerospace and communication networks -- enabling smarter, faster, better technologies to connect products to possibilities. More information on TE Connectivity can be found at http://www.te.com.