Oireachtas Joint and Select Committees

Tuesday, 28 May 2019

Committee on Budgetary Oversight

National Broadband Plan: Minister for Public Expenditure and Reform

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

This goes to a question Deputy Eamon Ryan asked me on whether I have an estimate as to what the level of profitability will be. That depends on a contract that has yet to be signed. I will say two things about it. First, I do not believe this is an entity that will be profitable for a long period, based on the figures that are there. Second, the scale of the company we were talking about at its peak could be approximately €150 million. Therefore, in the debate we are having here, it is important to be clear in regard to the scale of the entity which will be running this operation.

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