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
Phone: +353 1 470 3662

Kathryn MacGuill

Email: KathrynMacGuill@ccpc.ie
Phone: +353 1 470 3692

Media enquiries: communications@ccpc.ie

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