Virgin Media Limited, a wholly-owned subsidiary of Liberty Global plc today announced that it has entered into an agreement to acquire Casey Cablevision, a regional cable operator based in Dungarvan, Co. Waterford, for an undisclosed purchase price.
An innovative family-owned business established (by the Casey family) in 1979, Casey Cablevision provides pay-TV, high speed broadband, and phone services to over 2,000 customers in Dungarvan and surrounding areas.
Paul Farrell, Vice President of Commercial at Virgin Media Ireland said:
“We’re delighted to announce the acquisition of Casey Cablevision. By joining Ireland’s leading connected entertainment provider, Casey Cablevision’s existing Customers in Dungarvan will have access to the full suite of Virgin Media’s award-winning products and services. At Virgin Media we pride ourselves on having the fastest broadband network in Ireland and we’re very excited about extending the full range of our TV, broadband, phone and mobile services to consumers and businesses in Dungarvan.”
He added, “The Casey family were true pioneers of the cable industry in Ireland, they were the first to invest in fibre optic cabling which allowed them to offer high speed broadband to customers in the South East when the provision of such services was a distant dream for Irish consumers and businesses. We look forward to working with our new colleagues in Casey Cablevision and delivering new opportunities for growth and expansion in the region.”
The acquisition will be subject to competition and regulatory approval from the Competition and Consumer Protection Commission and the Department of Communications, Climate Action and Energy, over the coming months.