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€25m pumped into Irish Broadband

Wireless broadband provider Irish Broadband has secured €25m of new funds to invest in its network and expand its coverage.

The funds are coming from existing shareholders NTR and Kilsaran Concrete Products.

As part of the development of its network, Irish Broadband plans to install a further 100 sites throughout the country in 2006, covering every large to medium urban centre.

Managing director Paul Doody said the company was targeting 75,000 customers this year, but added that the new investment could help it to reach as many as 100,000.