Magnet Networks acquires Imagine’s retail business division

The change makes Magnet Networks Ireland's third largest provider of business telecoms

Alice Goodwin
by Alice Goodwin on 7th March, 2016

Magnet Networks has just become Ireland’s third largest provider of business telecoms in Ireland, due to their recent acquisition of the Irish retail business division of Imagine Communications Group.

This move has resulted in an expansion of the Magnet Business division, with the team now employing 95 people, with plans for further hiring in the future.

Established in 2004, Magnet Networks offers a range of broadband, voice and cloud telephony solutions along with wi-fi, cyber security and managed services. The company has so far invested €120 million in the development of an advanced telecoms network, leading to their excellent reputation, as well as the acquisition of a very strong client base.

Mark Kellett, CEO of Magnet Networks, had this to say:

“The acquisition of Imagine’s retail business division is a step-change acquisition for Magnet, placing us as the third largest telecoms provider to the business community in Ireland. Our strategy is to provide a credible choice to businesses of all sizes across Ireland based on the quality of our network and range of services, which we believe are the best in the country. We are delighted to welcome our new customers and staff to Magnet.”

Magnet Networks plan to use the Imagine network as a means of providing existing and new business customers with wireless broadband services, as well as leveraging Imagine’s new fibre-powered LTE network in order to enhance the range of cloud telecoms services available to regional SMEs.

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