Smart Telecom is set to emerge from court protection after announcing that Irish telecoms group Digiweb planned to take on its customers and assets.
Smart, which went into examinership in August owing around €70m, said the Digiweb investment was subject to approval by its creditors and the High Court.
It said the two companies combined would have 46,500 broadband, data and telephone customers and 48,000 web-hosting and data centre clients. Smart said the deal would create a stronger player in the telecoms market, providing a broader range of services for customers.
Smart will form part of the Digiweb group, but the Smart brand will be retained. Digiweb, founded in 1997, is based in Dublin.
