Oireachtas Joint and Select Committees

Thursday, 13 October 2022

Public Accounts Committee

2021 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
2021 Report of the Comptroller and Auditor General - Chapter 9: Implementation of the National Broadband Plan

9:30 am

Mr. Fergal Mulligan:

Without commenting too much on the deal, no, there would not be concern. The new investors coming in are very experienced telecoms investors, long-term investors. The fact that the exiting shareholders have sought to sell their shareholding of 80%, for us, just shows that the project is in a very good place in that people in the market - other investors - were willing to buy the company. To buy the company means the company has a very good future, a bright future. It is like selling a car, where, unless the car is in good condition, you will not sell it.

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