China Telecom Americas (CTA) is developing a significant network expansion in Latin America.
Specifically, the company has announced plans to develop IP backbone infrastructure that connects its existing global network to new PoPs in Fortaleza, Brazil; Buenos Aires, Argentina; Santiago, Chile; Lima, Peru; Panama City, Panama; and Mexico City, Mexico, over the next 3 years.
“Latin America is an exciting market for our company. Based on the success of our Brazil operations, we are confident that other key cities across the region will result in commercial success,” said Luis Fiallo, vice president of Latin America at CTA.
“Our network expansion plans will give us the foundation to serve customers in the region and from across the world. It will also enable us to offer new technologies like 5G, Internet of Things (IoT) and Smart City technologies that will greatly benefit the region.”
CTA’s regional and global presence is well placed to meet the growing demand for connectivity in Latin America, both within individual markets and globally. Working with local and global suppliers, CTA has connectivity options east to west across Latin America, as well as building connections to North America. In addition, it also leverages existing subsea cable investments reaching Europe, Africa and Asia.
According to Cisco’s Annual Internet Report, Internet penetration is expected to reach 70% of the Latin American population by 2023. The number of connected devices will also grow from 2.2 per capita in 2018 to 3.1 by 2023.
Source: China Telecom (Americas) Corporation
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward- looking statements are based on CTA’s current assumptions, expectations and projections about future events. CTA uses words like “believe”, “anticipate”, “intend”, “estimate”, “expect”, “project” and similar expressions to identify forward looking statements, although not all forward-looking statements contain these words. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of CTA’s products and services in the Latin America region, the ability to complete technological development plans in a timely manner, changes in relationships with third parties, product mix sold by the CTA and other factors which may be described in the most recent periodic filings with the Securities and Exchange Commission by its parent company China Telecom Corporation Limited. Except as required by law, CTA undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise.
China Telecom Americas, a wholly-owned US-based subsidiary of China Telecom Corp. Ltd. (NYSE: CHA), is an international telecom provider for Data, IP and Voice Wholesale services to multinational companies, organizations and international carriers requiring China domestic services and International access to China & Asia Pacific.
With headquarters in Herndon, Virginia, and offices in Chicago, Los Angeles, Dallas, New York, San Jose, and subsidiaries in Toronto, Canada, and Sao Paolo, Brazil, China Telecom Americas continues to expand its strength and reach.
China Telecom Americas provides locally based, one-stop-shop, turnkey solutions for everything from China domestic and international data circuits to IDC services, network management, equipment management, system integration, and much more.
For additional information on China Telecom Americas, please visit www.ctamericas.com.