Ventures corporation completes purchase of Hibernia Atlantic

Columbia Ventures Corporation (CVC) announced today that its subsidiaries have completed the purchase of a state-of-the-art 12,200 kilometre fibre optic submarine cable system connecting North America with Europe.

Formerly known as 360atlantic, the assets were sold pursuant to Canadian court approval as part of a reorganization plan involving 360networks. CVC has renamed the system Hibernia Atlantic.