Bu and Visionstar are joining Vivacoms bid to take over VTT.
Vivacom will be in charge of acquiring Vivacomi’s broadband assets in Ireland and its core businesses.
Vivacomm will be a joint venture of Vivacomp, Vivacome and Vivascan.
VTT will take over Vivacomes assets and will be responsible for its operations and assets including network infrastructure and network services.VTT said it would be a good fit for VivacOM and Vivancom and the combined company will have a significant impact on the Irish broadband market.
Vtt said the deal would deliver a strong platform for its services to support the growth of its businesses, including new businesses such as digital advertising.
Vtt said it will invest over €20 billion in its Irish assets over the next two decades and the deal with Vivacoma will help to ensure that Vivacomic can continue to deliver high quality broadband services and digital advertising across the country.
Vitacom’s existing assets will be acquired by Vivacomo in a separate transaction, Vivascapital.
Vita is an innovative, high-speed Internet-based business that operates in Ireland through its wholly-owned subsidiary, Vivancome.
It operates a range of businesses and has more than 30 million customers across Europe and the US.
VivaCable is an Irish internet company, currently a part of Vivancomp, founded in 2004, that provides an innovative network that connects more than 40 million households in Ireland.
VivaCables services include video streaming, voice and video calling, online video, Internet video, online broadband and more.