Following up on its acquisition of Genesis Networks, glbc today announced the expansion of the unit’s broadcast and media services into Central and South America. The services can now leverage Global Crossing’s transport and IP assets in Argentina, Brazil, Chile, Colombia, Ecuador, Panama, Peru, Mexico, Venezuela and the Caribbean region. That makes tons of sense, as those assets give them a competitive advantage in Latin America, whereas in North America and Europe there is more competition with substantial fiber/colo assets.
The region’s bandwidth market has been amongst the strongest in the world in the past few years, and that trend seems unlikely to slow down as video starts to make its mark. That will certainly be a story to watch as Latin America gets ready for some major international sporting events over the next five years: the 2011 Pan American games in Guadalajara, the 2014 FIFA World Cup in Brazil, and the 2016 Summer Olympics in Rio de Janeiro. We’re going to be hearing a lot about those last two events from all providers who serve the region for years to come.
PR from Global Crossing has been rather heavily weighted to Latin America in the past few quarters. By contrast the unofficial word out of North America is of some sort of regrouping and retooling, the scope of which is not yet clear. We’ll probably learn more when they report earnings in the next few weeks, though I don’t think they’ve set a date yet…
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