How Speed Fibre Group’s Bold Move Taking Over BT’s Irish Business Could Reshape the Future of Telecom — Are You Ready for What’s Next?

Ever wondered what happens when two giants of the Irish telecoms scene decide to join forces? Well, Speed Fibre Group—the savvy parent company behind Enet and Magnet+—just sealed the deal to acquire BT’s Irish wholesale and enterprise business. It’s not every day you witness a €22 million handshake that promises to shake up the digital infrastructure landscape this profoundly. Starting September 1, the integration of BT Communications Ireland Ltd begins, blending networks, expertise, and ambitions under one roof. Can uniting these powerhouses finally spark the competition and innovation Ireland’s telecom market has been craving? With nearly 10,000 km of fiber reaching across 94 towns and cities, and a fresh alliance poised to turbocharge everything from data centers to AI, this isn’t just a merger—it’s a strategic leap into the future. Curious to see how this will reshape connectivity and value nationwide? LEARN MORE

Speed Fibre Group, the parent company of Enet and Magnet+, has completed the acquisition of BT‘s Irish wholesale and enterprise business.

The telecoms infrastructure firm will begin integrating BT Communications Ireland Ltd into its business from Monday (September 1).

The €22m acquisition was agreed in February and followed BT’s disposal of its data centre business for €59m.

The deal includes BTCIL’s domestic network infrastructure, co-location facilities, wholesale and enterprise customer base, and the internal teams supporting them.

These operations will be folded into Enet, which serves wholesale customers, and Magnet+, which covers enterprise businesses.

By uniting two complementary businesses, Speed Fibre Group said it is creating one platform with greater scale, deeper reach, and enhanced capability delivering increased choice, better value, and more innovation to customers nationwide.

The combined business will support the data centre sector, next generation computing and AI requirements.

Following the transaction, Speed Fibre Group’s network now extends to nearly 10,000 km of fibre, connecting 94 towns and cities, and over 6,000 buildings including more than 2,500 in Dublin and key urban centres.

Speed Fibre Group claimed that Enet is now Ireland’s second-largest wholesale telecoms operator. The transaction also includes a long-term agreement for BT and Speed Fibre Group to source connectivity from each other to ensure continuity of service for both organisations and their customers.

“We are delighted to announce that BT Communications Ireland Limited is now officially part of Speed Fibre Group, marking an exciting transformational milestone for our business,” said Peter McCarthy, chief executive of Speed Fibre Group.

“Uniting BTCIL and Speed Fibre Group combines market heritage, knowledge and scale, and also restores badly needed competition in the telecommunications space at a national level.

“By bringing together two leaders in the market, we will unlock greater scale, deeper building connectivity, and the ability to offer customers nationwide increased choice, better value, expanded reach and service excellence.”

Speed Fibre Group is owned by Cordiant Digital Infrastructure Ltd, a specialist global infrastructure investor with a focus on digital infrastructure.

Steven Marshall, chairman of Cordiant Digital Infrastructure Ltd, said: “This acquisition is a fantastic synergy between two of the top three market players in Ireland. It will make Speed Fibre Group more efficient, more competitive and in a better position to roll out even more innovative and better value solutions for customers.

“With a proven management team in place, this is a transformational transaction for the Irish telecoms market. We’re very much looking forward to working with Speed Fibre Group to continue this investment trajectory so we can support customers, grow the digital industries in Ireland, and, by extension, support GDP and economic growth in Ireland.”

Photo: Peter McCarthy. (Pic: Supplied)