Oireachtas Joint and Select Committees
Thursday, 10 February 2022
Public Accounts Committee
2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters
9:30 am
Mr. Peter Hendrick:
That is not an Oak Hill entity; it is a Granahan McCourt and Tetrad entity. It was never an Oak Hill entity. A bridging loan was provided during the period between contract signing in November 2019 and contract execution in January 2020. It was a repayment of a bridging loan. There was never an equity change. The equity has always been 49% of Oak Hill.
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