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April 7, 2003

Columbia Ventures

Vancouver-based Columbia Ventures Corp. announced its subsidiaries have purchased 12,200-kilometer fiber optic submarine cable system connecting North America with Europe. Formerly known as 360atlantic, the assets were sold as part of a reorganization plan involving 360networks. CVC has renamed the system Hibernia Atlantic. The system has immediate capacity of up to 160 gigabits per second on each path, and can be upgraded to handle a protected capacity of 1.9 terabits per second, or more than 10 times the current capacity. Patrick Coughlan, formerly with 360networks, has been appointed managing director. CVC has also acquired terrestrial fiber-based telecommunication capacity from 360networks which can be used to connect customers across North America.




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