Speed Fibre Group completes acquisition of BT Communications Ireland, expanding its fibre network and boosting competition in Ireland’s telecoms market.
Telecoms infrastructure provider Speed Fibre Group has finalised its acquisition of BT Communications Ireland Limited (BTCIL), a business unit of BT and a key provider of wholesale and enterprise connectivity solutions in Ireland.
Speed is also the parent company of Enet and Magnet+.
“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”
The acquisition includes BTCIL’s domestic network infrastructure, co-location facilities, wholesale and enterprise customer base, and the internal teams supporting these operations.
These assets will now be integrated into Speed Fibre Group’s two brands: Enet, which serves wholesale customers, and Magnet+, which focuses on enterprise businesses.
Connecting Ireland
Peter McCarthy, CEO of Speed Fibre Group, said the acquisition marks a transformational milestone for the company.
“BT Communications Ireland Limited is now officially part of Speed Fibre Group. This move combines market heritage, knowledge and scale, and restores 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.”
McCarthy added that the acquisition aligns with Speed Fibre Group’s long-term plans to future-proof Ireland’s telecommunications landscape.
“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.”
Following the transaction, Speed Fibre Group’s network now spans nearly 10,000 km of fibre, connecting 94 towns and cities and over 6,000 buildings, including more than 2,500 in Dublin and other key urban centres. This expanded footprint positions Enet as Ireland’s second-largest wholesale telecoms operator.
The deal 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.
Steven Marshall, chair of Cordiant Digital Infrastructure Limited, which owns Speed Fibre Group, said the acquisition represents a strong strategic fit.
“This 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 better positioned to roll out 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 look forward to continuing this investment trajectory to support customers, grow the digital industries in Ireland, and support GDP and economic growth.”
Speed Fibre Group will now begin integrating BTCIL’s operations into its existing structure, with a focus on delivering robust and innovative connectivity solutions for businesses and communities across Ireland.
Top image: Peter McCarthy, CEO of Speed Fibre Group
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