The service offers 100Mbps and is initially available in six cities.
A study looked at Brazil, Argentina, Chile, Colombia and Peru, which make up 85% of South America's GDP.
The proposed new cable would have a capacity of 6 terabytes, twice that of Level 3's SAC-1 cable and could be key for supporting Chile's emerging astronomical observation industry.
Mexican insurance association AMIS is calling for a regulatory framework for rideshare platforms like Uber, as insurers raise rates for its drivers who are perceived to be increasingly risky.
BBVA and Santader are testing the transactions through San Francisco-based Ripple's distributed ledger technology, which enables permanent time-stamped records with integrated messaging.