Complex sentence: Hibernia Networks' transatlantic cable system was originally built by Tyco Submarine Systems for 360networks (360atlantic) in 2000 for $962M and placed in receivership in 2001, purchased in 2003 and began carrying traffic in 2005.
Split into simpler sentences: Hibernia Networks' transatlantic cable system was originally built in 2000 by Tyco Submarine Systems for 360networks (360atlantic) for $962M. It was placed in receivership in 2001, purchased in 2003 and began carrying traffic in 2005.