Telecoms provider Imagine have snapped up Irish Broadband in an overall cash and shares deal valued at EUR47 million. According to Imagine, the acquisition of Irish Broadband pushes the value of the group up to EUR187 million. The deal gives Imagine even greater reach into the Irish telecoms market, with the company claiming a 12 percent share of the SME market with 15,000 business customers, a 10 percent share of the broadband market with more than 80,000 customers, and 115,000 residential phone customers — 5 percent of the market.

The move is strategic one for Imagine, which will gain substantial network and spectrum assets. It could also mean relief for potential broadband customers. The acquisition of Irish Broadband’s wireless network could allow Imagine to become more flexible and offer services to many areas.

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