Oireachtas Joint and Select Committees
Thursday, 14 February 2019
Public Accounts Committee
Imagine Communications Group
9:00 am
Mr. Sean Bolger:
Fundamentally, at the time the process started, a decision was made that the fibre to the home was a solution for two reasons. It could meet and exceed the existing requirements, and the Government was right to say not to take 30 Mbps for now. It made a decision to do this for the future. One was able to deliver a high-capacity, high-speed broadband service and then in the future, because one had fibre, it was basically future-proofed in terms of investment. That is important for two reasons. The first is that it is the right thing to do and the second is that from a funding, finance and banking perspective, one has a long-term infrastructure that can give one the returns, which justifies the investment. I refer to building out a network. We are investing €300 million now to do this because we have a solution that has a long-term future. At the time, that was not available but it is now.
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