Proxxima Telecom, a telecommunications service provider in Paraíba state, is deploying Padtec’s dual 400 Gbps transponder to upgrade its DWDM transport network in the northeast of Brazil.
Proxxima, which is headquartered at the city of Campina Grande, began its expansion at the end of last year by building its first DWDM network connecting the municipalities of Campina Grande and Caruaru, in the neighboring state of Pernambuco.
According to Leonardo Gomes, CEO of Proxxima, now the intention is to expand the carrier's operations to other neighboring cities and states. “The goal is to offer high quality services in a wider geographic area. With this investment, Proxxima reinforces its commitment to providing advanced and innovative solutions, which should strengthen and expand its presence in the Northeast region and drive the company's growth,” he says.
For the expansion, the carrier used a credit line from the investment fund in credit rights (receivables) - FIDC, launched by Padtec together with BNDES Participações (BNDESPar) in 2021. This fund uses resources from the Fund for Technological Development of Telecommunications (Fundo para o Desenvolvimento Tecnológico das Telecomunicações or FUNTTEL), from the Brazilian Ministry of Communications. The objective is to facilitate access to capital funds by small and medium-sized Brazilian industries that operate in the telecommunications sector.
Carlos Raimar, CEO and Investor Relations Officer at Padtec, emphasizes that the offer of different facility options reinforces the company's commitment to the growth of its customers. “For some years, Padtec has been committed to making the expansion of providers networks financially viable,” he says. “The credit facilities bring new options of financial resources to be allocated in capacity increase and operations expansion, in addition to improving the capacity and quality of networks, thus allowing Padtec to keep up with demand growth in the time necessary to meet business and customers requirements,” he adds.
Padtec also offers the market financing options through Finep (the Brazilian federal government's technology and innovation investment arm), FIDC established with the Sifra group, vendor financing with local private banks and forfait operations for international sales.
