Dublin, 1 September 2025: Speed Fibre Group, Ireland’s leading telecoms infrastructure provider and the parent company of Enet and Magnet+, today 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.”
LinkedIn: @SpeedFibreGroup
Website: Speed Fibre Group | Leading Ireland’s Fibre & Wireless Connectivity
For further information, please contact:
Breda Brown / Nicola Fitzsimons
Unique Media
01 522 52000 / 087 2487120 (BB)
About Speed Fibre Group
Speed Fibre Group is Ireland’s leading telecom infrastructure provider. The company is committed to delivering cutting-edge technology and seamless communication services to individuals, businesses, and communities across the country.
Speed Fibre Group’s overall footprint spans nearly 10,000 km of fibre and 6,000+ connected buildings nationwide, including over 2,500 in Dublin and key urban centres — enabling faster service delivery and broader national reach for customers.
Speed Fibre Group consists of two operating businesses:
- Enet is Ireland’s largest open access wholesale network and the country’s second-largest wholesale telecoms operator. Enet’s network is made up of a combination of fibre and wireless assets that, when combined, create a unique, fully integrated national network proposition. Proudly celebrating 25 years in business this year, Enet enables over 100 national and international wholesale and retail operators with carrier-grade fibre, mobile backhaul, and critical infrastructure, delivering and supporting world class data connectivity services to over one million homes and business users across Ireland. Enet also operates the Metropolitan Area Networks (MANs) on behalf of the Irish State in 94 cities and towns in regional Ireland.
- Magnet+ is Ireland’s largest independent connectivity network, offeringdata connectivity, cloud-based voice solutions and managed services in Ireland and Europe based on expanded reach, network availability and customer experience. By combining network-neutrality with world-class technical knowledge, Magnet+ utilises its fibre, wireless, 4G and 5G infrastructure to meet the exact needs of each customer, supported by outstanding customer service.
In September 2025, Speed Fibre Group completed its acquisition of BT Communications Ireland Limited, BT’s wholesale and enterprise business unit. Assets acquired include BT’s domestic network infrastructure, customer base and the internal teams supporting wholesale and business enterprises, all of which have now been integrated into the Enet and Magnet+ operations.
With the integration of BT Communications Ireland Limited’s network, wholesale, and enterprise operations, Speed Fibre Group has brought together two leaders in the market, unlocking greater scale, deeper building connectivity, and the ability to deliver more advanced, cost-effective services nationwide.
Speed Fibre Group is owned by Cordiant Digital Infrastructure Limited, an operationally focused specialist digital infrastructure investor. The business primarily invests in the core infrastructure of the digital economy – data centres, fibre-optic networks and telecommunication and broadcast towers – in Europe and North America. The company is listed and traded on the London Stock Exchange as LON:CORD.
Speed Fibre Group was awarded the Great Place to Work Certificate for 2024, reflecting employees’ trust in the business, their pride in their work and their sense of camaraderie with colleagues. The focus of the business on fostering an inclusive and supportive workplace has also been recognised with the Investors in Diversity Silver Accreditation and an 82.9% Inclusion Score.
Speed Fibre Group received a five-star (99/100) Global Real Estate Sustainability Benchmark (GRESB) rating in 2024 and was named by the organisation as Infrastructure Asset Sector Leader — affirming the commitment of the business sustainable growth and service excellence.
ENDS