Wednesday October 21, 2020

Firms put eggs in broadband basket

Several Irish companies are pumping hundreds of millions of euro into providing broadband services in what may be the biggest financial gamble since the heady days of the dotcom bubble.

14th October, 2006

Several Irish companies are pumping hundreds of millions of euro into providing broadband services in what may be the biggest financial gamble since the heady days of the dotcom bubble.

The near-collapse of Smart Telecom, with its losses of €85 million and abandonment of its 40,000 phone customers, has raised fresh questions about if and when companies are going to make money out of broadband. Under a new proposal from Smart’s biggest shareholder, the company...

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