Industria Concludes EUR 50 Million Contract with Magnet Networks for Launch of Ireland's First ADSL2+ Network.DUBLIN, Ireland -- In a deal worth more than EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 50 million, broadband solutions provider and systems integrator Industria has been selected to roll out Ireland's first ADSL See DSL. ADSL - Asymmetric Digital Subscriber Line 2+ network for triple-play digital service operator Magnet Networks. Included in the agreement are the design and implementation of a full IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. EPG platform, the supply of ADSL2+ access technologies, and TeleManagement Forum standard-based software provisioning. The deployment enables Magnet to offer digital telephony, interactive TV, and Ireland's fastest residential broadband service of up to 24 Mbps. The company currently has transmission rights to about 100 TV channels, including the premium BSkyB channels, and an HDTV (High Definition TV) A set of digital television (DTV) standards that offer the highest resolution and sharpest picture. Although some HDTV sets are available in standard (rather square) screen sizes, the overwhelming majority of sets are wide screen, which eliminates content trial. All systems are integrated using TM Forum NGOSS NGOSS New Generation Operations Systems and Software NGOSS New Generation Operations Support Systems NGOSS Next Generation Operational Support System SID and eTOM processes running on the Industria broadband integration and management platform. Using local-loop unbundling A regulatory requirement that enables a competing service provider to purchase parts of the incumbent local exchange carrier's network in order to provide service to its customers. See ILEC. , the roll-out will extend in the coming weeks and months to cover much of Dublin, and is planned to reach the cities of Cork, Limerick, Galway and Waterford by early 2006, bringing ADSL2+ access to some 2.6 million users, around 65% of Ireland's population. Operating in tandem with its fibre-to-the-home (FTTH (Fiber To The Home) See FTTP. ) network, the first phase of which was completed by Industria in December 2004, this could see Magnet become Ireland's largest broadband network operator. Commenting on today's launch, Magnet CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Ingvar Gardarsson, said, "Industria has played an integral role in our roll-out from the outset, beginning with the lead-up to the deployment of our first fibre-optic network, and has shown a high degree of professionalism and ability to deliver innovative solutions complete and on-time." According to Industria CEO Gudjon Mar Gudjonsson, "The selection of Industria as a turnkey contractor on the Magnet Networks' fibre and ADSL2+ roll-out is a significant acknowledgment of our technical excellence and ability to provide customer-tailored solutions, which is reflected in Industria's position as number one in the Irish market for broadband consulting." About Industria Industria is a leading total broadband solutions provider and systems integrator involved in the design, implementation and operation of multi-play broadband networks for investment companies, utilities, property developers and telcos. For further information visit www.industria.com About Magnet Networks Magnet Networks is an Irish multi-play digital services provider, and a fully owned subsidiary of US-based private equity investment company Columbia Ventures Corporation. www.magnet.ie. |
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