Hibernia Atlantic is Now Hibernia Networks

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SUMMIT, NJ & DUBLIN, IRELAND – January 16, 2012 – Hibernia 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, customer base."

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.

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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.

For Hibernia Networks media inquiries, please contact: Jaymie Scotto & Associates +1.866.695.3629 pr@jaymiescotto.com