Smart Telecom buys stake in network

SMART TELECOM has acquired the T50 broadband network around Dublin in a deal that could be worth €11.5 million.

Smart Telecom buys stake in network
Tue, 02 Nov, 2004 - 00:00
Ian Guider

Smart yesterday bought 10% of Broad Band Communications Limited (BBCL) for €400,000 and two million of its shares.

The company has an option to acquire the remaining shares in BBCL up to 2007, when it would have to pay €10.5m for the stake.

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CourtsPlace: DublinPlace: Dublin CityPlace: M50Place: LondonPerson: Oisin FanningPerson: FanningOrganisation: Smart TelecomOrganisation: SmartOrganisation: Broad Band Communications LimitedOrganisation: BBCLOrganisation: T50Organisation: MMIOrganisation: Broad Band Communications LtdOrganisation: Telecom
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