Oireachtas Joint and Select Committees

Wednesday, 29 June 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

National Broadband Plan Update: National Broadband Ireland

Mr. Peter Hendrick:

There are three forms of funding. We have our equity which we call down. If we call down equity we have to give our shareholders six weeks' notice. We do financial planning at the beginning of the year and then throughout the year. We call down equity as is needed. We have subsidy when we achieve milestones under the contract. They are typically around design, build and connection of premises. It is broken down discretely to achievement of milestones. Then we have revenue where we have connected homes and the retail operators pay for that service.

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