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Telco Magnet investing €5m to attract new homeowners

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  • 01-12-2004 8:26pm
    #1
    eircomtribunal
    Closed Accounts Posts: 1,144 ✭✭✭


    Today in the press/RTE onbusiness

    This could be an interesting prospect of competition to the incumbent.

    P.

    "December 01, 2004 08:33

    Telco Magnet investing €5m to attract new homeowners - US-backed Magnet Networks is to invest €5m in a new telecommunications service for new homeowners in the Dublin region, writes the Irish Independent. The company, owned by investment firm Columbia Ventures Corporation, will provide telephony, broadband and multichannel TV services which will be connected to new homes through a single fibre optic cable. It has already signed partnerships with developers like Gannon Homes, Menolly Homes and Killoe Developments, with the first users scheduled for connection later this month."


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    #2
    Moriarty
    Registered Users Posts: 6,007 ✭✭✭Moriarty


    Indeed. There was a brief thread about them in here a few weeks ago.


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    #3
    flamegrill
    Registered Users Posts: 1,862 ✭✭✭flamegrill


    Yup!

    As I posted previously the brother is working for them. He watched tv over fibre and browsed the internet in the very first house last friday! :)

    He said it was amazing. Indeed it is, he also made the first phone call on the network.

    Paul


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    #4
    spongebob
    Closed Accounts Posts: 6,143 ✭✭✭spongebob


    Nice to see a virtous combination of a foresighted Telco and foresighted Developers (there are some) operating in tandem to kick certain parts of the country into the 21st century.

    More of this kind of thing :)

    M


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    #5
    dahamsta
    Banned (with Prison Access) Posts: 16,659 ✭✭✭✭dahamsta


    Magnet aims to attract new subscribers
    Wednesday, December 01 2004
    by Deirdre McArdle

    Magnet Networks has announced it is to invest in a Fibre-to-the-Home initiative which will provide new homes in Dublin with 'digital living services.'

    Three hundred new homeowners at the Grange development in North Dublin will be moving into fully-connected, digital homes in December 2004. The homes will be connected to Magnet Networks' integrated phone, broadband and TV offering with connection speeds and capacity which will be considerably faster than are currently available in Ireland through DSL or cable, the company claims.

    "Fibre-optic communication breaks the bottleneck in providing true broadband services to residential and other users in the Irish market at vastly superior speed and capacity," said Ingvar Gardarsson, CEO of Magnet Networks.

    [...]
    .


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    #6
    machalla
    Registered Users Posts: 1,523 ✭✭✭machalla


    Only in Dublin though. Surely with all these unused MAN's about theres an opportunity for this throughout the country?


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    #7
    jwt
    Registered Users Posts: 849 ✭✭✭jwt


    machalla wrote:
    Only in Dublin though. Surely with all these unused MAN's about theres an opportunity for this throughout the country?




    Only in one development, but its good to see this sort of stuff starting to kick in.

    Be better if planning regs forced new developments down this path in the future. How about every new development has to have ducting and fibre pre laid to each house.

    John


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    #8
    spongebob
    Closed Accounts Posts: 6,143 ✭✭✭spongebob


    jwt wrote:
    How about every new development has to have ducting and fibre pre laid to each house.

    An excellent report prepared by the Civil Service and published in Feb/March 2002 actually recommended that approach John ....along with some other suggestions Regrettably the report required action by Martin Cullen as minister for the Environment . More regrettably the report was 'free' and not written at great cost by some international windbag or other so it was completely overlooked . It does go a long way to show that the Civil Service is better aware of the issues than the politicians. The working group was strung together in late 2001 and reported in early 2002 , the full report is Here (27 Pages PDF) and the Ducting issue is on pages 23 and 24.

    It is worth remembering that the MAN strategy was derived from part of this document but that the Last Mile solutions were by and large ignored. The clueless and visionless Cullen did nothing ........c. 200,000 houses have been built since he became minister in early 2002 . A great opportunity has been lost forever :(

    M


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