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. Ciarán Ó hÓbáin:
The investors are tied in. They cannot leave unless we approve a replacement. If company A decides it wants to move its investment to company B, that requires our approval. Whether company A or company B, the same contractual obligations pertain. Nothing changes from our perspective. They still have to put in all the funding that is being committed because it is fully committed in contract with us.