Mr. Fergal Mulligan:

The current shareholders and investors are fully committed and they are guaranteed, and their investment is not secured. National Broadband Ireland, over 25 years, is expected to be profitable. In the event that it is not profitable, like any contract or any public private partnership, PPP, the contract allows for the Minister to step in or to terminate. There was also, back in the day, Carillion, for example, as the Deputy will remember, with the schools. In the end, the State sometimes, in extraordinary circumstances, may have to step in. We do not envisage that here, but in all commercial contracts the State has with third parties you make for these provisions - that there are termination events, step-in rates and all that sort of standard stuff.