Brazil, one of the “new” world powers actually thriving these days, is looking to help its South American counterparts by building a fiber optic broadband network across the entire continent.

The country’s communications minister Paulo Bernardo announced the initiative yesterday, arguing that the cost of Internet and mobile access would decrease dramatically for both consumers and ISPs. Currently, South American ISPs pay three to four times more than U.S. companies, with those costs trickling down to users.

With full support across the continent, Bernardo estimated that construction could be complete in two years, right in time for the 2014 World Cup--sure to be the world’s greatest party with Brazil hosting and all. 

[via Engadget]