Oireachtas Joint and Select Committees

Thursday, 27 January 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

National Broadband Plan Update: National Broadband Ireland

Mr. Peter Hendrick:

The structure has not changed. The shareholders remain as is and the equity or shareholder funds are committed into the project. Our shareholders invested €100 million on day 1. That was subsequently followed by another €20 million in December 2021. We predict when we need shareholder funds for the project. That has always been the case. In terms of the structure, Granahan McCourt is really the controlling entity of NBI and/or the holding company.