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UK tech company to invest €15m in Dublin city

Written by Robert McHugh, on 5th Oct 2018. Posted in Technology

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Colt Technology Services today announced that it will extend its Colt IQ Network in the greater Dublin area with an additional 150km of 100Gbps fibre.

The move is in anticipation of greater demand for digital infrastructure from multinational customers with presence in Dublin as well as other Dublin-based customers. The expansion will bring Colt’s fibre network in the capital to more than 300km. 
 
The Dublin expansion forms part of Colt’s wider strategy, which aims to provide agile, on-demand high bandwidth solutions to customers across Europe, Asia and North America. This latest expansion further extends Colt’s global footprint, which currently connects more than 850 data centres and over 27,000 buildings across 28 countries. 
 
Colt’s expanded connectivity solutions will be rolled out in the Irish capital over a number of phases, beginning in September 2018.  
 
Speaking this week, CEO of Colt Technology Services, Carl Grivner said, "We see Dublin as being one of Europe’s key growth cities in the coming years. With multinational investment in Ireland only likely to increase, it’s crucial that Colt has the technological backbone in Ireland to support its anticipated traffic growth. The expansion also demonstrates our ongoing commitment to enabling the digital transformation of businesses in today’s increasingly fast paced digital economy."

Source: www.businessworld.ie

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