Magnet Networks announced plans to expand its existing network using the new €30 million fibre optic cable system to be built by Hibernia Atlantic Group.
The new cable will connect several locations in the North including Derry, Strabane, Coleraine and Belfast.
In addition the fibre network will also facilitate Magnet connecting directly to a number of locations in the Republic including Letterkenn
y, Drogheda, Dundalk and Monaghan.Commenting on the announcement, Mark Kellett, CEO of Magnet Networks, said: “With the recent fibre cable contract awarded to Hibernia Atlantic, providing our services directly to Northern Ireland is the next logical step for Magnet Networks. We will now be seeking to bring our award-winning telecoms services directly to businesses and homes in the Ulster region, an area that has long suffered from under investment in infrastructure.”
With access to the high speed fibre network being constructed as part of the Hibernia Atlantic project, Magnet plans to establish direct operations in the North during 2009.
Magnet’s existing network includes 40 Unbundled Exchanges in Dublin, Cork, Limerick, Galway, Waterford and Portlaoise as well as extensive fibre assets across the country.
Magnet Entertainment, the Triple Play provider to the residential market and Ireland’s leading Fibre to the Home provider, will also be seeking to offer in these new areas the same 50Meg Broadband, Digital TV and Home Telephone service that has revolutionised over 39 new build developments in the Republic. Magnet has been in discussions with Harcourt Developments, the developer behind the ambitious Titanic Quarter with a view towards making these leading edge services available in the Quarter during mid-2009.
