Oireachtas Joint and Select Committees
Wednesday, 26 June 2019
Joint Oireachtas Committee on Communications, Climate Action and Environment
National Broadband Plan: Discussion (Resumed)
Mr. Denis O'Leary:
That is according to the business plan for phase one, which was supported by funding of €450 million by both shareholders. That is the level of commitment they are making to the business currently. There is approximately two years for that business plan left to run and when we reach the end of it, the shareholders will sit down to discuss SIRO's future and how they can grow the business with additional customers. When we looked at this three years ago, we were looking at a totally different landscape from what we are looking at now. We have to do a bit of thinking about it. Both shareholders are very supportive of the SIRO model and business and they really want to see it grow.