Oireachtas Joint and Select Committees
Wednesday, 5 June 2019
Joint Oireachtas Committee on Communications, Climate Action and Environment
National Broadband Plan: Discussion
Ms Michele Connolly:
I do not believe that is a fair assumption. The way a return is calculated on this is not the same as simply applying a percentage to the level of capital invested. An IRR model looks at the profitability of a business over a 25-year period. It does not equate to applying a percentage to the level of capital invested in the project at the outset.