UK telecoms firm Colt to expand network in Dublin
A telecoms company aims to roll out 150km of new fibre cable to meet the rising digital demand on Dublin's infrastructure.
Colt Technology Services' additional 100Gbps fibre will extend the Colt IQ network in the greater Dublin area to more than 300km.
The London-headquartered firm's high bandwidth connectivity solutions are currently being used by more than 350 enterprise buildings and 23 data centres in Dublin.
With an established network in Dublin for more than 20 years, and a presence in Cork, Colt CEO Carl Grivner said that the company embarked on a strategy to deliver higher bandwidth to large customers all around the globe around two years ago.
"We looked at 250 cities and what those cities had to offer in terms of growth, economic growth, number of data centres, number of sub-sea data centres, and economic indicators of how well we thought the market would do," he said.
"Dublin came out number one on the list. For a city of around one million people it's a pretty exciting time for commerce. We're in the business of connectivity for business customers and Dublin is certainly one of the major hubs in the world for that."
With its main hub in the UK, Mr Griver said that he is waiting, as are others, to see what Brexit means, but the looming exit is not changing the way they do business.
"The past two decades have seen us become a truly global company, connecting businesses across Europe, Asia and North America and our core mission of powering organisations digital transformations isn't going to change.
"Colt aims to be everywhere our customers do business, and that is why we're expanding our presence in Dublin," he said. "There's no denying that Brexit will likely generate more interest in the region, as it becomes a gateway for traffic into and out of the EU. So therefore it's crucial that Colt has the technological backbone in Ireland to support its anticipated traffic growth."
Colt sees its investment in Dublin at more than €15m over the next two years, with ambitions to expand even further. "If we're successful with the initial business proposal, we'd like to expand beyond that, beyond Dublin. There's a good opportunity, once we achieve this foothold, for us to expand in Ireland," he added.
This latest expansion further extends Colt's global footprint, which connects more than 850 data centres and more than 27,000 buildings across 28 countries.