Speed Fibre Group, Ireland’s leading telecoms infrastructure provider and the parent company of Enet and Magnet+, has announced the completion of its acquisition of BT Communications Ireland Limited (BTCIL), a business unit of BT and a leading provider of wholesale and enterprise connectivity solutions in Ireland.
Integration of the two businesses begins today.
The acquisition includes BTCIL’s domestic network infrastructure, co-location facilities, wholesale and enterprise customer base, and the internal teams supporting them. These operations will now be integrated into Speed Fibre Group’s two brands: Enet, serving wholesale customers, and Magnet+, serving enterprise businesses.
By uniting two complementary businesses, Speed Fibre Group is creating one platform with greater scale, deeper reach, and enhanced capability delivering increased choice, better value, and more innovation to customers nationwide. This platform 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. This strengthened footprint positions Enet as Ireland’s second-largest wholesale telecoms operator, enabling faster service delivery and providing real competition in the marketplace.
The transaction also includes a long-term agreement for BT and Speed Fibre Group to source connectivity from each other, ensuring continuity of service for both organisations and their customers.
Peter McCarthy, CEO of Speed Fibre Group, said:
“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. 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.
“Importantly, this acquisition also aligns with our long-term plans to future proof Ireland’s telecommunications landscape and support Ireland’s growing digital economy. Our next-generation infrastructure is designed to support high volume and decentralised data flows essential for sectors like AI, pharma, and cloud services who require fast, reliable, and scalable connectivity.”
We will continue to focus on delivering robust and innovative connectivity solutions for businesses and communities across the country to meet Ireland’s growing digital demands.”
Speed Fibre Group is owned by Cordiant Digital Infrastructure Limited, a specialist global infrastructure investor with a focus on digital infrastructure.
Steven Marshall, Chairman of Cordiant Digital Infrastructure Limited, 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.”
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