November 29, 2005 Dublin, Ireland -- ESB Telecoms has signed an agreement to provide Magnet Networks with fiber-optic services over a ten year period. The agreement enables Magnet Networks to deploy, from its central facility in Dublin, "triple play" broadband, digital TV, and telephone services to the cities of Galway, Cork, Limerick, Waterford, and Portlaoise. The national element of the network is set for completion in the first two months of 2006, according to a press release.
"This is one of the largest deals we have done to date, and is further endorsement of our objective to provide the industry with dedicated wholesale services," comments Niall Hogan, general manager of ESB Telecoms. "The ESB Telecoms national network of fiber and radio sites is having a positive impact on the Irish telecoms landscape, enabling operators to rapidly rollout leading edge service offerings. Magnet is further proof of this."
"This is a key element of the national roll out plan for Magnet Networks," adds Ken Peterson, executive chairman of Magnet Networks. "We are really shaking up the market with our triple play services, and the deal with ESB Telecoms helps bring a genuine choice to consumers in cities outside of Dublin."
The deal follows the announcement of a €65 million network investment package announced by Magnet Networks in September.