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. Mark Griffin:
Issues around funding, ownership and control are not so much a risk register, but they are part of the contract to be monitored on an ongoing basis. On the piece around ownership, I refer to the point I made at the outset that the Minister signed a contract with NBII DAC, 100% owned by Metallah Limited, 100% owned by Granahan McCourt Dublin Limited, of which 50.9% is owned by Granahan McCourt Fund Limited and 49.1% by Tel.IE Broadband Sari, which is the Oak Hill piece. I am not sure what exactly the Deputy is looking for or how many levels she would like to go up. There are other investors. I need to concern myself with the bits that I need to concern myself with.
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