UPC couldn’t bee happier to acquire Bitbuzz

5 Dec 2014

Cableco UPC Ireland is acquiring Dublin-based Wi-Fi network operator Bitbuzz, according to the Irish Independent. Bitbuzz offers managed services to hotels, airports, cafes, pubs and other public locations, and as well as operations in Ireland it also has a small network in the UK. It will continue to operate under its own brand following the acquisition but Bitbuzz founders Shane Deasy and Alex French are said to be ‘pursuing other ventures.’ UPC Ireland’s chief executive Magnus Ternsjo said of the deal: ‘It’s a gap in our business…We’ve been talking to the Bitbuzz guys for a year. They have a huge footprint in Ireland.’ Although financial details have not been disclosed, rumours are in circulation of the transaction costing between EUR5 million-EUR6 million (USD6.5 million-USD7.4 million).

Ireland, Virgin Media Ireland