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INFINERA CORPORATION

(INFN)
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Broadband Internet Service Provider in Brazil Increases Network Capacity with Infinera's Optical Solutions

11/08/2021 | 10:05am EST

San Jose, Calif. - - Infinera (NASDAQ: INFN) announced today that G8 Telecommunications (G8) deployed Infinera's industry-leading GX Series Compact Modular Platform on its long-haul DWDM network to increase network capacity to meet the growing needs of enterprises, network operators, and government companies across Brazil. Infinera's solutions enable G8 to double capacity on its network and offer its customers a variety of high-capacity internet services.

G8 operates long-haul and regional networks in Brazil with presence in states with growing bandwidth demands like São Paulo, Rio de Janeiro, Goiás, Minas Gerais, and Bahia. As bandwidth demands increase exponentially driven by cloud applications, G8 has made massive investments in its infrastructure and optical backbone, with more than 3,000 km throughout the country with an aim to interconnect the major markets nationwide to support its wide range of customers.

Leveraging Infinera's GX G30 platform on its long-haul network, G8 benefits from a highly scalable 1.2 terabit transponder with individual channels up to 600 Gb/s per lambda and the ability to scale to 2.4 terabits in a single rack unit. The compact modular solution with simplified operations enables the company to rapidly modernize its network infrastructure to quickly deliver high optical performance on demand.

"Infinera's GX solutions provide us with robust solutions that deliver the high capacity we're looking for on long-distance spans with ease and reliability and seamless operations in existing optical line systems," said Rogério Fernandes, CTO at G8 Telecommunications. "Deploying Infinera's solutions on our network doubles the capacity we're able to offer today across all distances, setting us up for success against our competitors."

"We are pleased to work closely with G8 and our partner Arsitec to modernize G8's networks to provide its customers with reliable, high-capacity services to meet the growing bandwidth needs in the region," said Alexandre Salomão, Infinera Country Manager for Brazil. "By deploying Infinera's innovative solutions, G8 is well-positioned to deliver fast service activation to its customers and remain competitive in the market."

Infinera worked closely with its local partner Arsitec to offer a best-in-class solution to fit G8's needs.

Infinera Contacts:

Media:

Anna Vue

Tel. +1 (916) 595-8157

avue@infinera.com

International:

Julian Patterson

Account Director, Zonic PR

JPatterson@ZonicGroup.com

+44 (0) 7525 177602

Investors:

Amitabh Passi

Tel. +1 (669) 295-1489

apassi@infinera.com

About Infinera

Infinera is a global supplier of innovative open optical networking solutions that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit www.infinera.com, follow us on Twitter and LinkedIn, and subscribe for updates.

Infinera and the Infinera logo are registered trademarks of Infinera Corporation.

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2021 1 414 M - -
Net income 2021 -115 M - -
Net Debt 2021 429 M - -
P/E ratio 2021 -11,5x
Yield 2021 -
Capitalization 1 741 M 1 741 M -
EV / Sales 2021 1,54x
EV / Sales 2022 1,39x
Nbr of Employees 3 050
Free-Float 97,9%
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Number of Analysts 11
Last Close Price 8,26 $
Average target price 10,50 $
Spread / Average Target 27,1%
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Managers and Directors
David W. Heard Chief Executive Officer & Director
Nancy Louise Erba Chief Financial Officer
George Andrew Riedel Chairman
Greg Greco Senior VP-Global Research & Development
Craig S. Cocchi SVP-Operations for Optical Modules Group
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