Hibernia Atlantic on Wednesday changed its name to Hibernia Networks, a move that reflects the fact that it has grown beyond being just a submarine cable operator to a broader network solutions provider.
Bjarni Thorvardarson, chief executive officer for Hibernia Networks said that "Hibernia has evolved well beyond its original transatlantic serving area" and as "Hibernia Networks, our company reflects a unified team offering worldwide network services to a focused, but expanding, customer base."
The service provider will continue to offer a set of "specialized" products addressing three key segments: wholesale, financial and media.
One area in particular where Hibernia has been expanding its focus on is the media industry segment. Under the new Hibernia Networks moniker, the provider will integrate Hibernia Media on the Hibernia Networks platform.
Last August, Hibernia enhanced its media capabilities in both the United States and Europe when it acquired TeliaSonera International MediaConnect (TSIC). As a result of the TSIC purchase, the service provider's media clients will be able to access 17 European markets.
In addition to its media segment, Hibernia is active on the financial services front. Through a partnership with Cross River Fiber, the service provider will be able to become another alternative player for New Jersey financial trading companies that need low latency network solutions.
While Hibernia is presenting itself as a solutions provider to the high growth financial and media industries, it remains a key player in the submarine cable segment with a global network that has 120 points of presence (PoPs) in North America, Ireland, the United Kingdom, Europe and the Pacific Rim, and operates five Hibernia-owned cable landing stations.
- see the release
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