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Press Release -- May 23rd, 2011
Source: Hibernia Networks
Tags: Construction, Ethernet, Exchange, M&A, Submarine Cable, Video, Wavelength

INDUSTRY VETERAN KATHY PERONE JOINS HIBERNIA ATLANTIC AS CHIEF OPERATIONS OFFICER

SUMMIT, NJ & DUBLIN, IRELAND – MAY 23, 2010 – Hibernia Atlantic, the only diverse trans-Atlantic high-bandwidth connectivity provider, announces today the appointment of industry veteran Kathy Perone to the position of Chief Operations Officer.

With over 30 years of experience in domestic and international telecommunication services, Ms. Perone has a proven expertise in the wholesale marketplace. Additionally, she has successfully pioneered leading-edge service offerings for Media, Financial and Global Enterprise customers. Ms. Perone has spent the past 5 years as President of XLNT Technologies, providing consulting services to a variety of private equity, investment banking, and telecommunications providers. Prior to that, she was CEO of Westcom, President & CEO at Focal Communications and President, North America at Level 3 Communications, to highlight just a few of her leadership roles.

“After several consecutive years of extraordinary growth, we at Hibernia are now pursuing M&A opportunities and exciting projects such as Express, our new transatlantic lowest latency submarine telecommunication cable between London and New York,” states Bjarni K. Thorvardarson, CEO of Hibernia Atlantic. “Beyond these transformational initiatives, we are determined to continue to focus on disciplined, organic growth and we are delighted that Kathy has joined us. Kathy has an in-depth experience in working with rapidly growing telecommunication companies and we are confident that Kathy is the ideal candidate to lead our expanding team and help us stay ahead in this exciting market.”

“Hibernia Atlanticʼs business model, construction plans, and existing network assets all demonstrate a strong understanding of current market needs and emerging new requirements within the customer base it targets,” continues Ms. Perone. “Hiberniaʼs heightened level of collaborative service development for mission-critical applications on superior, physical infrastructure is both refreshing and unique. I am very excited to be joining Bjarni and the entire Hibernia Atlantic team at this critical inflection point in the companyʼs growth story.”

About Hibernia Atlantic:

Hibernia Atlantic is the only diverse, transatlantic, high bandwidth, connectivity provider. The Company owns a transatlantic submarine cable system and terrestrial fiber network that offers over 120 Points of Presence throughout Canada, the US, UK, and mainland Europe, spanning over 24,000  kilometers. Hiberniaʼs investors are Columbia Ventures Corporation and Constellation Ventures.

Hibernia provides secure and diverse dedicated Ethernet, DTM and optical-level service up to GigE, 10G and LanPhy wavelengths and traditional SONET/SDH services. Hibernia offers wholesale capacity prices, unparalleled support, flexibility and service. Hibernia Express is the lowest latency cable between New York and London offering access to key metro markets and financial exchanges in North America, UK and Europe. The Companyʼs media division, Hibernia Media, operates in more than 60 European and North American markets and represents the largest, national, state-of-the-art optical switching and Dynamic Transport Mode (DTM) network.

For more information on Hibernia Atlantic's cutting-edge network or to view the companyʼs communication video, please visit www.hiberniaatlantic.com. For further information on Hibernia Media, please visit www.hiberniamedia.com.

For Hibernia Atlantic company inquiries, please contact Melissa Butler at

+1.908.988.1990 or melissa.butler@hiberniaatlantic.com.

For Hibernia Atlantic media inquiries, please contact:
Jaymie Scotto & Associates

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