Magnet Networks, trading asMagnet 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]
Magnet Entertainment, the home services division of Magnet Networks, providesdigital telephony,digital television,video on demand, andbroadband internet products.[citation needed]
Magnet Business providesDSL internet access andVoIP 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 includeVirgin Media Ireland,Sky Ireland andeir.[8][9]
AirSpeed and Magnet Networks [..are..] After joining forces under the Magnet Plus banner