Digiweb set to acquire Smart Telecom from examinership process

SMART Telecom has been granted a new lease of life by being acquired from examinership by fellow Dublin-based telecommunications provider, Digiweb.

Smart entered examinership in August, with debts of around €70million.

The company was previously taken over by Cavan businessman and Kingspan co-founder, Brendan Murtagh, who had invested much of his own money into turning around the fortunes of the troubled telco.