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Magnet Networks up for UK award

Thursday, September 27 12:11:31

An urban regeneration project in Wembley City from Ireland's Magnet Networks has been recognised and shortlisted for a UK NextGen Challenge award.

The awards are set to showcase the best in next generation digital access infrastructure innovation and will to be presented at the Palace of Westminster in London on October 8th.

Magnet has been nominated for embedding broadband as an essential utility in the design of the Wembley City development.

The project has not only enabled hundreds of new jobs but is seen as an exemplar for economic and social regeneration throughout the UK.

It is supported from Ireland via a shared services centre in Dublin, which handles customer service, billing and sales.

Last week through Velocity1- the company it acquired in May of this year- it provided a 100Mb link to Wembley Arena for a concert celebrating peace day in which Elton John performed.

In May Magnet Networks announced that it had launched Fibre to the Home (FTTH) services in the UK through the acquisition of UK FTTH provider, Velocity 1.

The urban regeneration scheme in Wembley City includes 8 million square feet of commercial and residential space with 6,000 new homes planned in the coming 10 years.

Today the business is providing services to 500 apartments, a new 660-bed student accommodation complex beside Wembley Stadium, as well as Wembley Arena and a variety of local businesses.

Besides being a major international sporting and concert destination, Wembley City was a key event location for the 2012 Olympics and opens London's first designer outlet centre in 2013.

The NextGen Challenge Awards will run alongside NextGen 12 - the UK's leading event for Next Generation broadband activity in Westminster, London from 8 to 9 October 2012 . Magnet CEO, Mark Kellett will give a keynote speech at NextGen 12.