Dr. Dónal Palcic:

Even Analysys Mason pointed out that Granahan McCourt was being far more conservative than the Department in estimating future demand. That allowed it to lower its projected revenues. It has been increasing its projected cost by making questionable decisions that have increased the cost beyond what it maybe should be.

It has increased its projected costs by taking quite questionable decisions that have raised the costs perhaps beyond what they should be. It means it needs a higher subsidy and there is less strategic value. All that has forced up the subsidy, which happened after Eir pulled out.