GMCD Completes Irish Network Integration

integration

Granahan McCourt Capital Dublin (GMCD), the telecommunications, media and technology investment firm, has completed the integration of its two Irish networks – enet and AirSpeed Telecom.

Granahan McCourt Dublin acquired enet, Ireland’s open access network operator, in 2013 and AirSpeed Telecom, a provider of integrated licensed wireless with fibre services to businesses in Ireland, in 2014. The new strategic integration offers both companies access to a portfolio of complimentary assets and technology solutions, ensuring the delivery of a more complete product set to clients.

A Joint Operating Agreement (JOA) between enet and Airspeed has resulted in the integration of the two networks into a single national platform capable of delivering ubiquitous carrier class Gigabit connectivity. The JOA creates operational and commercial efficiencies that are beneficial to both businesses immediately.

Under the terms of the agreement, enet will offer telecom solutions to wholesale customers of both companies.

enet, which has focused on fibre connectivity solutions to wholesale-only customers, will supplement its offering to those customers with AirSpeed’s best in class microwave services. The operational management of both networks will be combined to create efficiencies and opportunities not previously available to either company. AirSpeed will continue to sell directly to their retail customers and will continue to trade at arms’ length with enet.

“Both enet and AirSpeed Telecom are high growth operations that are well positioned and excellently managed. Both have a clear focus on delivering high quality telecommunications services to organisations in every city, town and county in Ireland. This strategic partnership between enet and AirSpeed Telecom offers the opportunity to re-approach the Irish market with a much stronger solution base for their client portfolio. Ireland is very much at the forefront of the digital revolution, well ahead of Europe and the rest of the world, and as a result, Ireland is very much a cornerstone of our investment strategy going forward. We own other telecom and media businesses in Europe and we hope to continue the trend of moving our assets into Ireland.”

Conal Henry, CEO of enet, says: “enet and AirSpeed Telecom have long been customers of one another so integration makes a lot of sense for both businesses. At enet we have existing relationships with all the major telecom carriers in Ireland and throughout Europe and this integration allows us to leverage those relationships even further by expanding our network and offering a wider product set.”