Proxxima Telecom, which provides telecommunications service provider in the northeast sections of Brazil, is deploying 400G capabilities across its fiber network. The service provider has chosen Padtec to supply the necessary dual 400-Gbps transponders.
The service provider operates in the Brazilian states of Paraíba, Rio Grande do Norte, Pernambuco, and Ceará. Deployments of the 400G technology has already begun, starting with a DWDM link connecting the municipalities of Campina Grande and Caruaru, in the neighboring state of Pernambuco (see "Brazil’s Proxxima Telecom adds 400G to fiber network via Padtec"). Leonardo Gomes, CEO of Proxxima, states the roll out will now continue to other neighboring cities and states. “The goal is to offer high quality services in a wider geographic area,” he says. “With this investment, Proxxima reinforces its commitment to providing advanced and innovative solutions, which should strengthen and expand its presence in the Northeast region and drive the company's growth.”
Proxxima will fund the DWDM network upgrade via a credit line from the investment fund FIDC, launched by Padtec together with BNDES Participações (BNDESPar) in 2021. This fund uses resources from the Fund for Technological Development of Telecommunications (Fundo para o Desenvolvimento Tecnológico das Telecomunicações or FUNTTEL) from the Brazilian Ministry of Communications.
“For some years, Padtec has been committed to making the expansion of providers networks financially viable,” commented Carlos Raimar, CEO and investor relations officer at Padtec. “The credit facilities bring new options of financial resources to be allocated for capacity increases and operations expansion, in addition to improving the capacity and quality of networks, thus allowing Padtec to keep up with demand growth in the time frame necessary to meet the business and customers’ requirements.”
Padtec also offers the financing through Finep (the Brazilian federal government's technology and innovation investment arm), FIDC established with the Sifra group, vendor financing with local private banks, and “forfeit” (fixed price) operations for international sales.
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