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.
Case details
- Notification date:4 November 2020
- Publication date:4 November 2020
- Economic sector:Telecom & IT service activities - K
- Economic sub-sector:Data hosting & IT services - K.63
- Simplified merger:Yes
- Outcome:Cleared
Documents
M.20.032 Merger AnnouncementPDF | 240 KBM.20.032 Merger Announcement PDF | 240 KB - Opens in new window
M.20.032 DeterminationPDF | 309 KBM.20.032 Determination PDF | 309 KB - Opens in new window
Timetable
Parties Involved
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.
Contacts
Colm Roche colmroche@ccpc.ie
Kathryn MacGuill kathrynmacguill@ccpc.ie
