Oireachtas Joint and Select Committees

Thursday, 27 January 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

National Broadband Plan Update: National Broadband Ireland

Mr. Peter Hendrick:

NBI does not need those new investors. At the same time we want to have investors that are committed to NBI for the long term. Again, I would go back to one of the ambitions of David McCourt and Walter Scott when we signed the contract was that we would bring in a long-term partner at the time when we understood all the risks with construction, take-up and the technology. We are at a point now where technology risk is no longer discussed, we are very clear on the take-up risk, and in terms of the construction risk, we are constructing in all Twenty-six Counties. That is exactly what happened when Walter Scott invested in Nevada Energy and Berkshire Hathaway came in once it understood what the risk was.

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