Hibernia Atlantic

Hibernia Atlantic is a privately held, US-owned, transatlantic submarine communications cable system in the North Atlantic Ocean which connects Canada, the United States, Ireland, the United Kingdom and Europe.

It was originally built by Tyco Submarine Systems for 360networks in 2000 for $962M and placed in receivership in 2001, purchased in 2003 and began carrying traffic in 2005. It is now owned and operated by CVC Acquisition Co. Limited, a subsidiary of Columbia Ventures Corporation. The CEO is Bjarni Thorvardarson. The EVP of Global Sales & Marketing is Eric Gutshall. The Hibernia Atlantic network includes 24,000 km of fiber assets and design capacity of 10.16 Tbit/s.

Hibernia Atlantic's cable provides service, from DS3 to 40 Gbit/s wavelengths and Ethernet from 10 Mbittran/s to 100M-1G-10Gb Ethernet. It also provides traditional SONET/SDH services. The trans-Atlantic route has a 65 millisecond RTD from Boston to Dublin. Primarily a wholesale business and selling to the worlds carriers. Hibernia Atlantic also provides customers/traders low-latency routes to 31 different exchanges around the globe for the Global Financial Network (GFN). On September 30, 2010, Hibernia announced at the Toronto Stock Exchange Opening Bell, and as well in The Wall Street Journal, its plans for a new trans-Atlantic Cable to be built from the NY metro area to Slough in London, with less than 60 ms of delay. Opening in 2012, it would be the highest bit rate (8.8 terabits/second), lowest latency (59 ms) cable ever built across the Atlantic for traders. It would, according to major financial newspapers, potentially be worth "a hundred million dollars per year" to major hedge funds, who would be willing to pay ten times more for this record-breaking latency . Since the speed of light along the great circle route sets an absolute limit of about 45ms on the London to New York latency, the new cable represents only one third additional time for switching, amplification and other prerequisites for connectivity.