Magnet Networks

Last updated

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]

Contents

Organisation

Magnet 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]

Related Research Articles

Telecommunications in Ireland operate in a regulated competitive market that provides customers with a wide array of advanced digital services. This article explores Ireland's telecommunications infrastructure including: fixed and mobile networks, The voice, data and Internet services, cable television, developments in next generation networks and broadcast networks for radio and television.

Telecommunications in New Zealand are fairly typical for an industrialised country.

<span class="mw-page-title-main">Telefónica</span> Spanish multinational telecommunications company

Telefónica, S.A. is a Spanish multinational telecommunications company headquartered in Madrid, Spain. It is one of the largest telephone operators and mobile network providers in the world. It provides fixed and mobile telephony, broadband, and subscription television, operating in Europe and the Americas.

<span class="mw-page-title-main">Telecommunications in Australia</span> Overview of telecommunications in Australia

Telecommunications in Australia refers to communication in Australia through electronic means, using devices such as telephone, television, radio or computer, and services such as the telephony and broadband networks. Telecommunications have always been important in Australia given the 'tyranny of distance' with a dispersed population. Governments have driven telecommunication development and have a key role in its regulation.

<span class="mw-page-title-main">NTL Incorporated</span> British cable and telecommunications company

NTL Incorporated, branded as ntl:, was a United States-listed British company founded in 1992, which provided cable television, cable internet and fixed-line cable telephone services. While NTL had its headquarters in New York City, the company's activities focused heavily on the United Kingdom, with operational headquarters in Hook, Hampshire.

<span class="mw-page-title-main">Eir (telecommunications)</span> Irish telecommunication company

Eircom Limited, trading as Eir, is a large fixed, mobile and broadband telecommunications company in Ireland. The now privatised company, which is currently incorporated in Jersey, traces its origins to the Ireland's former state-owned monopoly telecommunication provider Telecom Éireann and its predecessors, P&T and before the foundation of the state, the telecommunications division of the GPO. It remains the largest telecommunications operator in Ireland and has overseas operations focused on the business and corporate telecom markets in the United Kingdom. The company was in majority state ownership until 1999, when it was privatised through a floatation on the Irish and New York Stock Exchanges.

KCOM Group is a UK communications and IT services provider. Its headquarters are in the city of Kingston upon Hull, and it serves local residents and businesses with Internet and telephony services. It was listed on the London Stock Exchange but is now privately owned by Macquarie Group.

<span class="mw-page-title-main">Bharat Sanchar Nigam Limited</span> Indian central public sector undertaking

Bharat Sanchar Nigam Limited is a central public sector undertaking headquartered in New Delhi, India. It is under the ownership of Department of Telecommunications, Ministry of Communications, Government of India. It was incorporated on 1 October 2000 by the Government of India. Its top official is designated as Chairman and Managing Director who is a central government civil servant of the Indian Communication Finance Service cadre or a central government engineer of the Indian Telecommunications Service cadre. It provides mobile voice and internet services through its nationwide telecommunications network across India. It is the largest government-owned-wireless telecommunications service provider in India.

<span class="mw-page-title-main">City Telecom (Hong Kong)</span>

City Telecom (H.K.) Limited was a Hong Kong telecommunications group that was established in 1992. It was a provider of fixed line, international direct dialing services, and later an internet service provider, via a subsidiary and brand Hong Kong Broadband Network. After selling its main business, the parent company was renamed to Hong Kong Television Network in order to attempt to enter the free-to-air television market of Hong Kong.

<span class="mw-page-title-main">Smart Telecom</span>

Smart Telecom (AIM:SMR) was an Irish telecom operator that started as a phone card seller. It was also the third largest provider of cost-sensitive telecom services sector in Ireland, behind the incumbent operators eircom and BT Ireland. It had an estimated 50,000 land-line customers and 18,000 broadband subscribers. Smart operated several services:

<span class="mw-page-title-main">NTL Ireland</span>

NTL Communications (Ireland) Limited was a cable television and Multichannel Multipoint Distribution Service (MMDS) company in Ireland. As of 2005 it was owned by Liberty Global Europe, having been divested by NTL. It was rebranded as UPC Ireland.

<span class="mw-page-title-main">Virgin Media</span> British cable and telecommunications company

Virgin Media is a British telecommunications company, founded in 2007, which provides telephone, television and internet services in the United Kingdom. Its headquarters are at Green Park in Reading, England. A range of videos advertising the company remain available on YouTube. It is owned by Virgin Media O2, a 50:50 joint venture between Liberty Global and Telefónica.

<span class="mw-page-title-main">WightFibre</span> Cable network operator on the Isle of Wight

WightFibre is a full-fibre network operator on the Isle of Wight. WightFibre provide telephone and broadband internet services only to homes and businesses on the Isle of Wight.

Openreach Limited is a company wholly owned by BT Group plc, that maintains the telephone cables, ducts, cabinets and exchanges that connect nearly all homes and businesses in the United Kingdom to the national broadband and telephone network. It was established in 2006 following an agreement between BT and the UK's telecoms regulator, Ofcom, to implement certain undertakings, pursuant to the Enterprise Act 2002, to ensure that rival telecom operators have equality of access to BT's local network.

<span class="mw-page-title-main">Virgin Media Ireland</span> Irish telecommunications company

Virgin Media Ireland is Liberty Global's telecommunications operation in Ireland. It is the largest digital cable television provider within the country. As of 31 December 2014, the company offers broadband internet, digital television and digital (VoIP) telephony to 1 million customers. Until 4 May 2010, Virgin Media Ireland traded under the name Chorus NTL and UPC Ireland until 5 October 2015. Its main competitors in the Irish pay TV market are Sky Ireland, Eir and Vodafone Ireland.

Internet in Australia first became available on a permanent basis to universities in Australia in May 1989, via AARNet. Pegasus Networks was Australia's first public Internet provider in June 1989. The first commercial dial-up Internet Service Provider (ISP) appeared in capital cities soon after, and by the mid-1990s almost the entire country had a range of choices of dial-up ISPs. Today, Internet access is available through a range of technologies, i.e. hybrid fibre coaxial cable, digital subscriber line (DSL), Integrated Services Digital Network (ISDN) and satellite Internet. In July 2009, the federal government, in partnership with the industrial sector, began rolling out a nationwide fibre-to-the-premises (FTTP) and improved fixed wireless and satellite access through the National Broadband Network. Subsequently, the roll out was downgraded to a Multi-Technology Mix on the promise of it being less expensive and with earlier completion. In October 2020, the federal government announced an upgrade by 2023 of NBN fibre-to-the-node (FTTN) services to FTTP for 2 million households, at a cost of A$3.5 billion.

Internet access is widely available in New Zealand, with 94% of New Zealanders having access to the internet as of January 2021. It first became accessible to university students in the country in 1989. As of June 2018, there are 1,867,000 broadband connections, of which 1,524,000 are residential and 361,000 are business or government.

<span class="mw-page-title-main">Internet in the Republic of Ireland</span>

The internet is an important contributor to Ireland's economy and education. The telecommunications infrastructure in Ireland provides Internet access to businesses and home users in various forms, including fibre, cable, DSL, wireless, Fixed Wireless and mobile. In 2019, 91% of households have access to the Internet in Ireland at home, with 88% of individuals reporting that they had used the internet in the three months prior to interview.

FLOW is one of many trade names of the Caribbean former telecommunications Cable & Wireless Communications (CWC), now known as Flow used to market cable television, internet, telephone, and wireless services provided by the company. Flow also replaces the UTS brand in the Dutch and French Caribbean, leading the recent acquisition and integration of the United Telecommunications Service (UTS).

Telcom is an Irish telecommunications company operating in the business-to-business market. They offer communications services, are a ComReg registered carrier for voice and data and operate as an independent Internet Service Provider. Telcom is a registered member of the Internet Neutral Exchange (INEX).

References

  1. 1 2 "Magnet Networks, Airspeed Telecom become Magnet+". techcentral.ie. 30 December 2021. Retrieved 15 March 2023.
  2. 1 2 "Magnet Networks reports €4m loss in 'tough' telecoms market". irishtimes.com. Irish Times. 6 October 2016. Retrieved 8 June 2020.
  3. 1 2 "Magnet Networks - About". magnetnetworks.com. Archived from the original on 8 June 2020.
  4. 1 2 "Speed Fibre Group closes acquisition of Magnet Networks". siliconrepublic.com. 7 December 2020. Retrieved 15 March 2023.
  5. "'You have to earn people's trust for them to believe in you'". siliconrepublic.com. 25 October 2021. Retrieved 15 March 2023.
  6. "About Us". magnetplus.ie. Retrieved 15 March 2023. AirSpeed and Magnet Networks [..are..] After joining forces under the Magnet Plus banner
  7. "Brewer steps down as Magnet Networks MD". independent.ie. Independent News & Media. Retrieved 19 February 2020.
  8. "So what should you consider when switching broadband plans?". thejournal.ie. Journal Media Ltd. 28 May 2016. Retrieved 8 June 2020.
  9. "Virgin complaint over Magnet advert fails". independent.ie. Independent News & Media. 27 October 2019. Retrieved 8 June 2020.