Latin America is the fastest growing region globally in terms of IP traffic volume, telecoms service provider Telecom Italia Sparkle's VP for Latin America, María Teresa Ferrigno, said during a speech at the Ibero-American association of research centers and telecommunication enterprises' (Ahciet) international traffic meeting, taking place in Buenos Aires this week.
Latin America's IP traffic volume is expected to expand at a CAGR of some 45% during 2011-16, she said, citing figures from Cisco (Nasdaq: CSCO). In terms of IP traffic volume growth, the region is followed by the Middle East and Africa.
The executive said demand in the region is being driven by video streaming and social networking, as well as by the increasing availability of high-end devices, which enable multiple traffic such as laptops, tablets and smartphones.
The company is also investing in content delivery networks (CDN) in the region, Ferrigno noted.
Telecom Italia Sparkle's offer includes voice, data and internet solutions for fixed and mobile carriers, ISPs, content providers, multimedia players and corporate customers.
Fully owned by European telecoms operator Telecom Italia (NYSE: TI), TI Sparkle has offices in 39 countries and a headcount of more than 1,000 in Italy and abroad. In Latin America, the firm has offices in Buenos Aires and Rio de Janeiro.
Meanwhile, in terms of network infrastructure, Telecom Italia Sparkle has points of presence in Buenos Aires, Santiago de Chile, São Paulo, Rio de Janeiro, Fortaleza, Lima, Caracas and Panama. In Buenos Aires, the company also operates a city ring with multiple points of presence.