IDA to invest €150m in five-year broadband strategy

Fibre optic cable
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Metropolitan area networks get boost to attract more foreign investment

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30 April 2015 | 0

The IDA is set to invest €150 million over the next five years in order to attract up to 80,000 new jobs from foreign direct invement. The agency is hoping to is hoping to secure a minimum increase in investment of 30%-40% in each region outside Dublin, with the capital continuing to attract similar levels as before.

The IDA recently announced plans to develop significant new facilities in cities and towns with fibre-based open access metropolitan area networks (MANs), including Athlone, Carlow, Dundalk, Galway, Limerick, Sligo, Tralee and Waterford.

Conal Henry, CEO, enet, the company charged with managing Ireland’s MANs, said: “The availability of widespread high-quality broadband to multinational companies investing here has contributed strongly to Ireland’s ability to attract foreign direct investment. The MANs also ensure that provincial cities and towns secure a greater share of the overall amount of foreign direct investment being won for Ireland by IDA Ireland.

“While the MANs do not directly create jobs, they certainly enhance the capacity of the cities and towns with these fibre broadband networks to compete for these projects and remove potential barriers such as access to telecoms and high-speed broadband. It’s clear the investment in the MANs has delivered huge economic benefits for the people of Ireland.”

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