Mr. Peter Hendrick:

The project and the contract, from a shareholders agreement and project agreement, always allowed for shareholder change. The confidence, stability and predictability of the programme and the take-up level and risks are all very stable at this point.

Granahan McCourt was getting much interest from infrastructure funds that were rolling out fibre networks across Europe. They indicated that it was at a similar point to their investment in other markets. That is where the process started.