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Technology Stocks : Infinera

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Feb 28 4:00 PM EST

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From: FJB	2/13/2019 9:27:11 AM
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Irish operator eir has announced a €500 million (US$565.8 million) investment in its fixed network, with plans to pass an additional 1.4 million premises with FTTH connections offering speeds of up to 10 Gbit/s. The investment, which will be spread over five years, will bring fiber within reach of 180 towns and cities, including every town in the country with more than 1,000 premises. The operator also plans to bring its broadband customer care services back in-house, creating 750 new jobs at its regional hubs in Sligo, Cork and Limerick. Last year eir became part of Xavier Niel's Iliad (Euronext: ILD) empire, with Niel's private holding company, NJJ, acquiring a 32.9% stake in the Irish incumbent for an estimated €330 million ($391 million), while Iliad acquired a 31.6% stake for €320 million ($379 million). (See Iliad's Owner Swoops on Ireland's eir.)

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