- The companies have announced their intention to merge into one single video transport service provider
- The newly-merged company will offer wider reach, product expansion and competitive strength
- The combined entity will capitalize on Hibernia Media's recently announced acquisition of TeliaSonera's MediaConnect business
- Operations of the newly-merged company will begin early 4th Quarter 2012
MONTREAL, QC, SUMMIT, NJ and DUBLIN, Ireland, Sept. 7, 2012 /CNW Telbec/ - Aldea Solutions Inc. and Hibernia Media, the video transport division of Hibernia Atlantic announced today at the International Broadcasting Convention (IBC) in Amsterdam their intention to combine assets and operations. This merger will position the combined company as a powerful global provider of fiber-based video transport with the largest 100% QoS Media Service DTM network in the world.
The merger will offer many customer benefits including a wider geographic reach, with video transport services available across three continents. The combined network will connect high-value media destinations, reaching 25 countries and 80 cities, with over 300 On-Net locations spanning Europe, North and South America. The entity will operate one of the world's largest integrated video transport networks, making it a global leader in media transmission. The newly merged company is expected to start operations early 4th Quarter 2012.
Plans are underway to develop a broader range of video transport solutions to offer to their combined customers, further driving its competitive strengths in the marketplace. "Our primary commitment is to our clients and to ensure the best video transmission experience for their global needs" states Lionel Bentolila, CEO of Aldea. "Not only are we expanding the breadth and depth of our integrated products, we are also enriching the overall customer experience and quality of service with streamlined solutions by a 100% customer-centric team."
"Our combined team shares the same vision: to push the boundaries of what is possible in video transport services," continues Bjarni Thorvardarson, CEO of Hibernia Group, Hibernia Media's parent company. "With this merger, we now have an extensive reach, including Central and South America, as well as a new and innovative product suite, to redefine the rules for tomorrow's video transport for content programmers and distribution companies worldwide."
"TSIC is excited to be an ongoing partner now supporting the largest DTM video transport network in the world," comments Erik Hallberg, President of TeliaSonera AB. "This merger will serve to further leverage TeliaSonera's extensive fiber network."
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About Aldea Solutions Inc.:
Aldea Solutions, Inc. is a leading provider of services and solutions for the television and media industries. Established in Montreal, Canada, Aldea provides end-to-end worldwide transmission services using fiber facilities and operates the first Pan-American fully automated fiber-based network for broadcast services with points-of-service in major cities throughout the Americas, and with international points-of-presence in Europe. Services include full time and occasional use offerings, video as file, HD encoding and other production and transmission services a customer may require. The Company's services are used by leading major broadcasters and media companies around the world for the transmission of sports, news and television programming.
About Hibernia Media, LLC:
Hibernia Media is dedicated to flawless delivery of video signals over fiber, supporting media companies across the globe. With over 200 media connection points available, broadcasters, cable operators, and new media firms come to Hibernia Media for managed video transport solutions on an occasional use or dedicated basis. Whether it's High-Definition, contribution-quality, channel distribution to cable and DTH satellite operators at our Content Exchange Center, multi-casting of live video events, or connecting a 15-minute interview from a remote studio, Hibernia Media provides quality video transport solutions for today's media environment. Hibernia Media's unique TOC (Television Operations Center) monitors and manages live video feeds on a 24/7 basis, and connects sports, news, entertainment, and corporate events to its audiences whenever and wherever required. Connect to us at www.HiberniaMedia.com or schedule your next video transmission by calling the TOC at +1 443.692.2000 (North American Customers) or + 353 1 867 3699 (European Customers). Hibernia Media is a subsidiary of Hibernia Atlantic, LLC, www.HiberniaAtlantic.com.
About TeliaSonera International Carrier:
TeliaSonera International Carrier owns and operates one of the world's most extensive fiber backbones. Our mission is to provide exceptional network infrastructure and services - empowering individuals, businesses and societies to execute their most critical activities. By working close to our customers we make big ideas happen at the speed of fiber. Discover more at www.teliasoneraic.com
SOURCE: Aldea Solutions Inc.
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