Copying and distributing are prohibited without permission of the publisher
Hibernia buys TeliaSonera media unit
31 August 2012
Hibernia Atlantic unit takes over MediaConnect business from TeliaSonera International Carrier
Submarine cable company Hibernia Atlantic has acquired the
MediaConnect business of TeliaSonera International Carrier in
Europe and the US.
The former TeliaSonera network will be merged into Hibernia
Media, a specialist video distribution arm of Hibernia
Atlantic. The TeliaSonera network doubles the size of Hibernia
Media’s access in Europe.
Erik Hallberg, president of TeliaSonera International Carrier,
said: "With more than five years of investments into the
TeliaSonera International Carrier media business combined with
Hibernia Media’s extensive fibre system the new
entity will provide greater reach and a broader set of highly
managed network services uniquely capable of leveraging
transport infrastructure to create global media solutions."
Under the deal, TeliaSonera will still provide backbone
connectivity and other services between points of presence in
the combined media network, while Hibernia Media now becomes
the customer-facing body and manages customer relationships.
Hibernia Atlantic’s CEO, Bjarni Thorvardarson,
said: "The combination of our on-net media PoPs and venues in
the US with this added reach to a broader market throughout
Europe gives both of our customers extraordinary access to
content origination, aggregation and distribution channels over
a robust fibre backbone."
Hibernia Atlantic is a transatlantic submarine communications
cable system in the North Atlantic Ocean which connects Canada,
the US, Ireland, the UK and Europe. GTB
More from GTB
TeliaSonera may sell stake in
Yoigo 13 Jul 2012
TeliaSonera may sell Norway
broadband 15 May 2012
Huawei signs Hibernia cable
project deal 16 Jan 2012
Submarine survey for Hibernia
underway 16 Jun 2011