Oireachtas Joint and Select Committees

Thursday, 28 March 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Communications, Climate Action and Environment
Broadband Service Provision: Discussion (Resumed)

9:00 am

Mr. Fergal Mulligan:

The way the contract works means we cannot prevent a sale to a reasonable third party but if the winning bidder were to sell, there are arrangements in place whereby we would share in any upside there might be in the event of that sale. I will not disclose what the upside is. We would also have to approve the sale so it could not go to an unsuitable third party. I will not go into the definitions and I will leave that to the lawyers. There are a lot of protections in the contract.

Comments

No comments

Log in or join to post a public comment.