Fresh off its renaming and refinancing last week, Hibernia Networks announced a major capacity deal with NTT Communications (NYSE:NTT, news, filings). Hibernia will be providing 100Gbps of diverse capacity for the Japanese giant's IP backbone, which Renesys rated as the second largest globally in 2012 last week behind only Level 3.
NTT has been expanding its European presence at a steady pace over the last few years, filling in the map with new PoPs and expanding their service portfolio. That expansion has apparently been bearing enough fruit to require a major capacity boost to North America and Asia. The additionalbandwidth will hook up key points in Europe with the west coast of the US, where NTT can pick up the traffic via its core PC-1 transpacific cable amongst others.
While Hibernia's transatlantic cable certainly helped win the deal, the terrestrial assets and other subsea relationships are enabling them to play for more complex, geographically expansive bandwidth deals. That's a big part of why they've dropped the Atlantic from their name of course.
It may also serve notice that the company may intend further expansion of its business model. Their private equity backers certainly have the money to make an inorganic move at some point. Hmmm, maybe Hibernia's natural mate in the APAC region would be Pacnet...
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