M/20/032 – Speed Fibre/Magnet Networks
Transaction details
The proposed acquisition by Speed Fibre Intermediate Holdings Limited, an entity ultimately controlled by the Irish Infrastructure Fund, of sole control of Magnet Networks Limited has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Wednesday November 4, 2020 | Tuesday, November 24, 2020 |
| Parties Involved | Business activities |
|---|---|
| Speed Fibre Intermediate Holdings Limited | Speed Fibre Intermediate Holdings Limited is the purchasing company for the proposed transaction and is ultimately controlled by the Irish Infrastructure Fund. The Irish Infrastructure Fund invests in infrastructure assets in the State. |
| Magnet Networks Limited | Magnet Networks Limited is active in the provision of fixed broadband, leased line/dedicated internet access services as well as voice and data connectivity services, cloud-based and other business solutions to residential and business customers in the State. |
| Economic sector | Media merger |
|---|---|
| Information & Communications | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, November 19, 2020 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Colm Roche | Email: ColmRoche@ccpc.ie |
| Kathryn MacGuill | Email: KathrynMacGuill@ccpc.ie |
Media enquiries: communications@ccpc.ie
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Competition and Consumer Protection Commission
PO Box 12585, Dublin 1, D01 C576
Tel +353 (0)1 402 5500
Consumer helpline 01 402 5555