Ms Carolan Lennon:

Over the 25 years of the NBP roll-out, Eir will get €1 billion. It will cost us €900 million to replace, repair and look after those ducts. In the initial seven years, we will spend about €200 million upfront to get that done.

From what I have read in the papers, that seems to be more than the equity investment of NBI. We make a regulated return. Our ducts and poles are set at prices decided by the regulator and they are cost orientated. They are based on the costs required to maintain a pole and duct network in rural Ireland. They are not set by me.