Anna Edgerton and Jordan Robertson report:
Brazil is planning a $185 million project to lay fiber-optic cable across the Atlantic Ocean, which could entail buying gear from multiple vendors. What it won’t need: U.S.-made technology.
The cable is being overseen by state-owned telecommunications company Telecomunicacoes Brasileiras SA (TELB4), known as Telebras. Even though Telebras’s suppliers include U.S. companies such as Cisco Systems Inc. (CSCO), Telebras President Francisco Ziober Filho said in an interview that the cable project can be built without any U.S. companies.
The potential to exclude U.S. vendors illustrates the fallout that is starting to unfold from revelations last year that the U.S. National Security Agency spied on international leaders like Brazil’s Dilma Rousseff and Germany’s Angela Merkel to gather intelligence on terror suspects worldwide.
Read more on Bloomberg.