What is SIRO?
SIRO is an enterprise focused on the rollout of resilient, quality Fibre-to-the-Home (FTTP) broadband for residential and business customers across Cork City and County. Despite challenges posed by COVID-19, the company has remained committed to its mission. By the close of 2021, SIRO aimed to connect approximately 55,000 homes and businesses in Cork as part of its Phase One deployment, with further expansion plans for the county. SIRO's services are accessible through various retail partners, including Vodafone, Sky, Digiweb, PureTelecom, Nova Broadband, and Viatel, enabling customers to check service availability via their Eircode.
How much funding has SIRO raised?
SIRO has raised a total of $125M across 1 funding round:
Debt
$125M
Debt (2021): $125M with participation from Macquarie Asset Management
Key Investors in SIRO
Macquarie Asset Management
Macquarie Asset Management is a global investment firm that typically invests in infrastructure and real assets, suggesting a strategic interest in SIRO's broadband network development.
What's next for SIRO?
The recent major strategic investment signals a pivotal moment for SIRO, likely enabling accelerated network expansion and service delivery across Cork and potentially beyond. This capital infusion is expected to bolster the company's capacity to meet growing demand for high-speed broadband, reinforcing its commitment to digital infrastructure development. The company's focus on FTTP technology positions it to capitalize on the increasing reliance on robust internet connectivity for both personal and commercial activities, suggesting a trajectory towards broader market penetration and service enhancement.
See full SIRO company page
