Magnet Networks

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]

  1. ^ a b "Magnet Networks, Airspeed Telecom become Magnet+". techcentral.ie. 30 December 2021. Retrieved 15 March 2023.
  2. ^ "Magnet Networks reports €4m loss in 'tough' telecoms market". irishtimes.com. Irish Times. 6 October 2016. Retrieved 8 June 2020.
  3. ^ a b "Magnet Networks - About". magnetnetworks.com. Archived from the original on 8 June 2020.
  4. ^ a b "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