MONTREAL, SUMMIT, NJ and DUBLIN, IRELAND – Aldea Solutions Inc. and Hibernia Media announced today at the International Broadcasting Convention (IBC) their plans to merge assets and operations. The companies say the merger will create a global leader of fiber-based video transport with the largest 100% QoS Media Service DTM network in the world.
The deal will benefit customers with a wider geographic reach and with video transport services available across three continents the companies said in a statement. The combined network will now connect high-value media destinations, reaching 25 countries and 80 cities, with over 300 On-Net locations spanning Europe, North and South America. The newly merged company is expected to start operations early in the 4th quarter 2012.
The merged companies say plans are underway to develop a broader range of video transport solutions to offer to their combined customers.
"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."
"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,” said Bjarni Thorvardarson, CEO of Hibernia Group, Hibernia Media's parent company.
"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."
