NIBC enables SIRO to expand its fibre-to-the-home networkNews Release -
We are pleased to announce the financing to a new Irish broadband fibre client, SIRO. NIBC was part of a bank club providing EUR 620m senior debt to SIRO, to facilitate their expansion. This helps SIRO to realise a fibre-to the-home network that would almost double its reach to 770,000 homes and businesses across 154 towns and cities by 2026.
Established in 2014, SIRO is a Joint Venture between ESB (Irelands leading electricity provider) and Vodafone. SIRO benefits from having access to ESB’s extensive electricity infrastructure to use as a platform for their fibre roll out and Vodafone’s large customer base.
To date, SIRO has built a network across 64 towns and cities in Ireland, passing 375,000 homes and laying 8,507km fibre across the country.