Magnet Networks has this
morning announced it will be offering a Fibre to the Home (FTTH) service to a
development in Wembley. The service will be operated by Velocity 1, a company
in which Magnet Networks will retain a 90% ownership whilst the developer of
the site, Quintain Estates and Development PLC, will retain a 10%
shareholding.
The company already provides services to 500 apartments and a student
accommodation complex next to Wembley Stadium as well as a number of local
businesses in the area. It aims to expand the service to other Quintain Estates
sites.
Magnet claims to be the first provider in Ireland to build a
fibre-to-the-home network now available in over 12,000 premises, which it says
makes it the largest FTTH provider in Ireland. The new services are expected to
include 30, 50 and 100 Mbps packages.
Increasingly, developers are engaging with broadband providers to offer
super-fast broadband and entertainment services to new residents. This model
can benefit from great investment in infrastructure which can be installed
during building works. The only danger is that by tying companies into
exclusive arrangements, it may restrict choice and competition in the longer
term, unless an open infrastructure is created.
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Great stuff.
They always have the choice of slow broadband through an old phone line if they don’t want to use the fibre? No contest. Those on the fibre can presumably upgrade to gigabits, terabits or anything else they need and want to pay for. Those on phone lines will be stuck on infinity. for infinity. There is no competition.
@cyberdoyle, you’re assuming that there will be ‘old phone lines’.
No idea about the Wembley development but from a few comments from an FTTP installer it sounds like there will be no BT lines in the Cranbrook new town in Devon.
The Wembley site is absolutly massive, it has the stadium, the arena, the flats development and several other large buildings as well as the almighty car parks.
All of this is private land and I assume with privately maintained phonelines.
Although it looks like they way they have structured this supply company, Velocity 1, if it falls flat on it’s face it will be cut loose.