Pantheon Infrastructure (PINT) has plans to invest €52.7 million ($52.8 million) in Asterion Industrial Partners’ interest in National Broadband Ireland (NBI), an Irish fiber-to-the premises (FTTP) network developer and operator.
NBI, which was selected by the Irish Department for Environment, Climate and Communications to support the country’s National Broadband Plan, is responsible for passing and connecting 560,000 premises in rural areas stretching across 96 percent of the landmass of Ireland. The network serves around 23 percent of the population and 69 percent of the country’s farms, making it the largest infrastructure project in rural Ireland since rural electrification. Deployment is split into 227 development areas, with the rollout occurring in all counties simultaneously.
The Irish government is providing subsidies alongside the capital committed by shareholders and revenue generated to support the design, procurement, construction and maintenance o
