Magnet Networks, trading as Magnet Plus,[1] is an Irish company providing telephone and broadband internet services which was launched in Dublin in 2004.[2] Originally owned by the US-based international investment company Columbia Ventures Corporation (CVC),[3] it was acquired in December 2020 by the "Irish investment vehicle" Speed Fibre Group.[4][5] Speed Fibre Group, itself a subsidiary of the Irish Infrastructure Fund,[4] also owned AirSpeed Telecom and, in 2021, these two companies joined to operate under a combined "Magnet Plus" brand.[1][6] As of 2020, Magnet Networks reportedly had approximately 100 staff.[3]
Organisation
editMagnet Entertainment, the home services division of Magnet Networks, provides digital telephony, digital television, video on demand, and broadband internet products.[citation needed]
Magnet Business provides DSL internet access and VoIP telephony to business customers.[citation needed] As of 2016, Magnet Business was reportedly the "third-largest business telecoms provider" in Ireland.[2]
As of February 2020, Magnet's "interim managing director" was Dave Brewer (of then parent organisation CVC).[7]
Magnet Network's competitors in Ireland include Virgin Media Ireland, Sky Ireland and eir.[8][9]
References
edit- ^ a b "Magnet Networks, Airspeed Telecom become Magnet+". techcentral.ie. 30 December 2021. Retrieved 15 March 2023.
- ^ a b "Magnet Networks reports €4m loss in 'tough' telecoms market". irishtimes.com. Irish Times. 6 October 2016. Retrieved 8 June 2020.
- ^ a b "Magnet Networks - About". magnetnetworks.com. Archived from the original on 8 June 2020.
- ^ a b "Speed Fibre Group closes acquisition of Magnet Networks". siliconrepublic.com. 7 December 2020. Retrieved 15 March 2023.
- ^ "'You have to earn people's trust for them to believe in you'". siliconrepublic.com. 25 October 2021. Retrieved 15 March 2023.
- ^ "About Us". magnetplus.ie. Retrieved 15 March 2023.
AirSpeed and Magnet Networks [..are..] After joining forces under the Magnet Plus banner
- ^ "Brewer steps down as Magnet Networks MD". independent.ie. Independent News & Media. Retrieved 19 February 2020.
- ^ "So what should you consider when switching broadband plans?". thejournal.ie. Journal Media Ltd. 28 May 2016. Retrieved 8 June 2020.
- ^ "Virgin complaint over Magnet advert fails". independent.ie. Independent News & Media. 27 October 2019. Retrieved 8 June 2020.