Siro invests 620 million euros in Gigabit broadband expansion

Today, a major expansion of gigabit fiber broadband was announced to an additional 320,000 homes and businesses.

The network, operated by Siro, is a joint venture between ESB and Vodafone.

Today’s announcement is not part of Ireland’s National Broadband Scheme, which seeks to provide high-speed broadband across Ireland.

However, it means that Siro will double its presence and provide fiber broadband to 770,000 homes and businesses overall, reaching 154 cities and serving 2.1 million people.

The investment will cost €620 million and funding has been secured through the European Investment Bank and a syndicate of Irish and international lenders.

Ciro said the additional funding would bring its total investment in gigabit broadband to more than 1 billion euros.

Cerro CEO John Kenny said the expansion comes at an opportune time, as more people work remotely.

“Connecting more than two million people as part of the gigabit community is important because it means that more people have the option to work from home, with fewer cars on the roads and families able to spend more quality time with each other,” said the CEO of Siro. .

« Similarly, more companies will participate fully in the digital economy, seamlessly collaborate with customers and sell to customers in every corner of the world, » he said.

« With our proven future network, Siro will serve Ireland’s broadband needs for decades to come, » he added.