Oireachtas Joint and Select Committees
Thursday, 10 February 2022
Public Accounts Committee
2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters
9:30 am
Mr. Peter Hendrick:
I suppose there are no implications. The shareholders are contractually bound. If I break down some of the shareholders and take Oak Hill, it has been an investor in Ireland for many years, at scale, in the telecoms and the aviation sector. Its typical funds can range from three to seven years. Based on the risks and our understanding of the programme, it is the right time to assess if we can bring in long-term partners aligned with our existing long-term partners.