Last week we announced significant investment in our network in Dublin, a city which has rapidly evolved into one of Europe’s key business hubs.
The expansion will see more than 150km of additional fibre being put into the ground, in a city where Colt already connects more than 350 buildings and 23 data centres. The move forms part of our wider expansion strategy, which aims to provision agile and on-demand high bandwidth solutions to customers across Europe, Asia and North America.
Dublin has developed into a major draw for multinational companies, particularly those from the US, who are attracted by the country’s government grants, low corporation tax rates and proximity to mainland Europe.
These factors have contributed to a thriving Irish economy that enjoyed GDP growth rates of 7.3% in 2017 – double that of the wider Eurozone – and one that will have grown by 5.6% by the end of 2018, driven by both the domestic market and foreign trade and investment.
Ireland remains the focus of significant investment from foreign business and for many, including bandwidth hungry OTT players, Dublin serves as a regional base for European expansion projects; making the city a ripe target for savvy network carriers.
With Brexit on the horizon, the spotlight is on Dublin as it assumes the status and prestige of the EU’s largest English speaking capital city. Should enterprises and financial institutions take this as a cue to relocate some of their operations to the Republic, network traffic to and from the Irish capital could dramatically increase over the coming years, presenting an opportunity for telecoms players.
The current strength of the Irish economy, and the advantageous position of Ireland from a traffic perspective are among the reasons why Colt is making a significant fibre investment into the city, as part of an ongoing multimillion-Euro global network expansion project.
Ireland has always been an important country for Colt, with Dublin being the 27th city to go on net 18 years ago. This investment cements the region as a key one for Colt’s business, because wherever our customers want to do business, Colt is there.
James Beddoe is the country manager for Ireland at Colt Technology Services.