|[January 16, 2013]
Hibernia Atlantic is Now Hibernia Networks
SUMMIT, N.J. & DUBLIN --(Business Wire)--
Atlantic, a provider of global capacity services, announced today
its new name, Hibernia Networks. The new name reflects the
company's organic and strategic network growth, having evolved from a
transatlantic centric provider of high bandwidth connectivity solutions
to a premier provider of global solutions.
Hibernia Networks is comprised of three strategic platforms addressing
the bandwidth needs and highly specialized requirements across several
key markets -- wholesale, financial and media. As part of the company's
global focus, Hibernia Media will now be fully integrated under the
Hibernia Networks platform. The company has grown its global network
reach to over 120 points of presence (PoPs) in North America, Ireland,
United Kingdom, Europe and the Pacific Rim and operates five
Hibernia-owned cable landing stations.
Reflecting on the milestone, Bjarni
Thorvardarson, Chief Executive Officer for Hibernia Networks stated,
"Hibernia has evolved well beyond its original transatlantic serving
area. Today, as Hibernia Networks, our company reflects a unified team
offering worldwide network services to a focused, but expanding,
Hibernia was founded in 2003 with the purchase of two transatlantic
submarine cables and cable landing stations. The system was built by TE
SubCom (formerly Tyco Submarine Systems) at an initial cost of
approximately one billion dollars. Hibernia began carrying traffic
across the network in 2005 after establishing backhaul routes to London
and New York. The company has deployed numerous network expansions over
recent years including Project Kelvin, a high capacity route into
Ireland, new low latency routes into Asia and the acquisition of
MediaXtream and Telia Media Connect.
About Hibernia Networks:
Hibernia Networks owns and operates a global network connecting North
America, Europe and Asia. Hibernia offers over 120 network Points of
Presence (PoPs) on over 24,000 kilometers of fiber.
Hibernia Networks serves wholesale, financial and media customers with
unparalleled support, flexibility and service. Hibernia's wholesale
services provide secure and diverse dedicated Ethernet, DTM and
optical-level services, including GigE, 10G and LanPhy wavelengths and
traditional SONET/SDH services. Hibernia's financial services unite
hundreds of global banks and financial exchanges with low latency
connectivity. Hibernia's media services are dedicated to flawless
delivery of video signals over fiber, supporting media companies across
the globe with over 150 media connection points. Hibernia Networks is
owned by Columbia Ventures Corporation and funds managed by
Constellation Growth Capital.
For more information on Hibernia's cutting-edge network and services,
please visit www.hibernianetworks.com.
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