GlobeNet Announces New Network Upgrade Adding 200 Gigabits of Additional Capacity

Boca Raton, FL - October 26, 2010 - GlobeNet, an international wholesale provider of submarine capacity, and a wholly owned subsidiary of Oi (Bovespa: TNLP3, TNLP4, TMAR3, TMAR5, TMAR6 and NYSE: TNE), unveils today its plans for a 200 Gbps upgrade, from 360 Gbps to 560 Gbps of total lit network capacity, in its lowest