Monday, January 4, 2010

Hibernia Atlantic Lands $13 Million Investment

Constellation Growth Capital has invested $13.4 million in Hibernia Atlantic, which operates a trans-Atlantic undersea cable network. The investment provides Hibernia with additional capital for growth opportunities, including allowing the company to increase its network Points of Presence (POPs) in North America and Europe. This investment follows Hibernia’s recent acquisition of MediaXstream, a leading provider of high quality transport and managed network services for the media production and broadcast industries. Columbia Ventures Corporation (CVC) owns the remaining shares of the company.

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