Hibernia Media (news) and Colt Group (LON:COLT, news) have entered into a strategic relationship aimed at global media markets. Colt has picked Hibernia's platform to deliver managed broadcast services to its European media customers, enabling them to draw on a wider array of worldwide video content over an all-fiber infrastructure.
Hibernia Media is of course a division of transatlantic cable operator and builder, Hibernia Atlantic. It's a division we haven't heard much from lately, so it's nice to get an update. The partnership brings together Hibernia's transatlantic footprint and US connectivity with the 150+ key media facilities Colt hooks up across Europe.
Hibernia is busy these days doing the hard part of building their new ultra-low latency transatlantic cable, while Colt has been building out its cloud and IaaS offerings. They're natural partners in taking on the competition, with both complementary geographies and customers. Natural enough, actually, to wonder that if Colt were to wake up and start to use its fiber as a consolidation platform, Hibernia's assets and financial/media busineses would be an obvious target.
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