Professor Eoin Reeves:

That does not necessarily mean there will be issues in terms of the service quality for the users. What it becomes then is a question about who is extracting value and where does the value go? The problem with the Eircom privatisation - and I have referred to it already and exactly what we are talking about here was relevant is that case - was that the true value of the network infrastructure we privatised in 1999 was only realised when it was flipped not once, not twice but three or maybe four times. The question then is, and this is what the Deputy may have detected from some of our points-----