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]