Mr. Peter Hendrick:

One way of describing Granahan McCourt, along with Mr. Walter Scott and Walter Scott's family trust, is that they have been building out fibre or broadband networks for the past 30 years. It is effectively those partnerships that comprise the Granahan McCourt fund. What I can say about the parties is that they have long-standing telecoms experience in rolling out networks. Mr. Scott, who passed away last September, was the chair of Level 3 Communications. He was also the longest-serving independent board member of Berkshire Hathaway. Tetrad and the family trust own a significant part of Berkshire Hathaway Energy. Therefore, all those concerned come from a pedigree of big infrastructure programmes and have been partners with Mr. David McCourt for over 30 years.