TeliaSonera sells MediaConnect business in Europe and US to Hibernia Media

Telecom Lead Europe: TeliaSonera International Carrier
has sold its MediaConnect business in Europe and the US to Hibernia Media, the
video transport division of Hibernia Atlantic.

Hibernia Media will double its network in Europe
following the acquisition of the 13-country, media-specialized network.

Hibernia Media customers will benefit as Hibernia Media
will combine the strengths of Hibernia Media’s QoS network, and TSIC’s backbone
capacity network.

Hibernia Media’s experience and focused media
organization would be leveraged as it becomes the customer-facing entity and
manages customer relationships while TSIC would focus on its core strength by
providing high quality, backbone connectivity and other miscellaneous services
between PoPs in the combined Media network.

The expanded Hibernia Media network will provide the
media companies with a video-enabled fiber network connecting 17 European
markets via Hibernia’s extensive US network footprint.

The combined media network will deliver international
sports programming, network programming, news segments, and global events. The
acquisition expands Hibernia Media’s European footprint, which already includes
London, Dublin and Brussels, into new markets such as Amsterdam, Berlin,
Copenhagen, Frankfurt, Helsinki, Madrid, Munich, Oslo, Paris, Riga, Stockholm,
Tallinn, Vienna, and Vilnius.

Hibernia Atlantic offers simplified global reach to key
cities throughout North America, UK, Europe, and Asia on over 24,000 kilometers
of high capacity network. Hibernia’s low latency and diverse custom routing
options also provide the ability to select the appropriate Ethernet transport,
from 10Mb to 10Gb, to meet customer requirements.

Erik Hallberg, president of TeliaSonera International
Carrier, said 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.

Bjarni Thorvardarson, chief executive officer of Hibernia
Atlantic, said the combination of its on-net media PoPs and venues in the US,
with this added reach to a broader market throughout Europe, gives customers
access to content origination, aggregation, and distribution channels over a
robust fiber backbone.

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