eir Partner with InfraVia to Accelerate Fibre Broadband Roll-Out

eir has agreed on a deal with InfraVia to establish a joint venture partnership for its wholesale fibre broadband network that will help to accelerate the roll-out of high-speed internet across Ireland.

The investment provided by this joint venture will allow eir to increase the pace of expansion of its fibre broadband network, and it is estimated that 200,000 homes will be passed in 2022, increasing to 250,000 homes in 2023.

This acceleration in network roll-out will allow around 50,000 more families and businesses to gain access to high-speed internet per year than initially anticipated.

Fibre broadband use in Ireland has grown rapidly in recent years and eir now aims to pass 1.9 million premises by the end of 2026 providing Ireland, in combination with the National Broadband Plan, with over 90% coverage of all premises at the conclusion of both projects.

The deal will see a new subsidiary of eir formed, named Fibre Networks Ireland Limited, that will allow InfraVia to take a 49% share in eir’s network.

Fibre Networks Ireland will provide passive broadband access exclusively to eir’s wholesale arm, open eir, which in turn will continue to supply wholesale broadband, voice, and other services to its customers including eir and other major telecoms companies.

eir CFO Stephen Tighe said of the deal, “The establishment of Fibre Networks Ireland provides a vehicle for further investment in our already extensive network. eir’s mission has always been to connect people through great quality services.

“Through this exciting partnership with InfraVia we can improve our ability to connect customers faster than ever before and ensure that more homes in Ireland can access the high-speed internet that has become an increasingly important part of how we live our lives.”

Bruno Candès, Partner at InfraVia Capital Partners, said, “We are very pleased to partner with eir and its shareholders in building out a high quality, national FTTH network that will provide next generation connectivity across Ireland.

“Fibre internet access is a critical service that enables an inclusive digital transformation, and we are proud to support this transition in the Republic of Ireland.

“This investment builds on our existing track record in Ireland and our deep communications infrastructure experience across Europe. We look forward to working with eir in this partnership in the years ahead.”