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]

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]

References

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