ON Telecom, the Brazilian operator backed by the billionaire financier George Soros, has selected ISPM to provide it with a framework-compliant service assurance solution to support its ongoing rollout of 4G Long Term Evolution (LTE) fixed broadband services in the country. The start-up is offering a range of high speed internet access services in Sao Paulo and its surrounding environs, and has plans to extend its fixed-mobile service to other regions across Brazil. Through the tie-up with ISPM, ON Telecom will deploy a number of the former’s modules from its NetVision range, to enable the telco to manage its network more efficiently and provide end users with a consistent level of performance, it said. The vendor will also provide support to ON Telecom as it looks to expand its networks and services going forward.
In August this year Soros, acting through his private hedge fund, revealed plans to invest USD150 million in ON Telecom (formerly known as Sunrise) in a bid to stimulate the availability of 4G high speed internet services there. ‘Our total investment plan is BRL500 million (USD217 million) over two to three years,’ ON Telecom chairman Zaki Rakib was quoted separately as saying. ‘Soros has committed USD150 million, some of which has already been spent,’ he added. The chairman and his CEO Fares Nassar jointly own more than 50% of the start-up’s capital, but Rakib notes that as the Soros Fund Management commits more money into the company, its equity stake is likely to increase, and it could become the majority shareholder.
Having successfully completed tests in Itabira Valinhos and Louveira, in Campinas, ON Telecom is now offering its first commercial 4G Time Division (TD)-LTE broadband services to residential users in parts of Sao Paulo. By the end of 2014 its rollout plan envisages coverage of a further 133 municipalities in the state. ON Telecom’s new wireless broadband service uses a wireless router to connect to the operator’s 4G network. Monthly subscriptions are likely to cost from BRL99 for a 5Mbps connection, rising to BRL169.90 for a 10Mbps line.