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Businesses in Ireland are increasingly gaining access to high-speed broadband services, it has been reported.

According to the Organisation for Economic Co-operation and Development (OECD), 95 per cent of businesses employing between 10 and 49 employees are benefiting from such a connection.

For larger companies, the rate increases to 99.2 per cent, reports the Irish Times.

Ireland was ranked 20th in an OECD chart of 30 developed nations based upon household access to broadband.

The report indicated that there are around 950,082 broadband subscribers nationwide, meaning 43 per cent of homes are now equipped with high-speed services.

Across the border in Northern Ireland, BT, the government and the European Union recently joined forces to make £48 million available for investment in the national broadband infrastructure.

Enterprise Minister Arlene Foster said the investment would prove "hugely significant" to the nation, supporting businesses and ultimately leading to the creation of up to 1,000 new jobs.

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