Results 1,981-2,000 of 11,015 for speaker:Timmy Dooley
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: That was sometime in 2018.
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: That is important. Did that formal change take place in the month or two after the former Minister met David McCourt, who is Granahan McCourt's principal, and McCourt Global LLC, of which the principal is Frank McCourt? Is it true to say that the character of the one bidder that was left changed substantially within a month or perhaps two of the event in New York?
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: So September 2018.
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: I need to be particular about this.
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: SSE and John Laing.
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: An event took place between the former Minister and a number of officials from the Department in the summer of 2018 or thereabouts. There was a discussion at that meeting, which was minuted, which talks about the make-up or potential change in the consortium. Frank McCourt of McCourt Global LLC was present. Subsequently, his company was relied on to act as a guarantor or to assist Granahan...
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: What is the breakdown of the ownership of the holding company?
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: With regard to the gap funding model, in 2015, five elements were looked at. If one goes through the work of KPMG and PwC at the time, it seemed like a good option when looking at the pros and cons. It was the cheapest overall, with the lowest level of subsidy required upfront and it minimised State exposure to risk. It was all good. It went with the gap funding model and it was hard to...
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: Can Mr. Ó hÓbáin give me one?
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: Was it not KPMG which first suggested the gap funding model was the best?
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: When it transpired that what KPMG had suggested upfront did not really work out, namely, the pros it had identified failed to materialise-----
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: The Department got KPMG to come back. It was hardly a surprise if KPMG suggested it should still proceed with it.
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: Briefly-----
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: There are two issues that do not pose a risk.
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: All of the risk is being taken on by the State.
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: With respect, Mr. Mulligan said the Department had looked at everything in the context of the policy to provide broadband for the people. Surely he is not suggesting the Department at a later stage, in an effort to mitigate the risk to the State would abandon the project.
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: If that were followed through, all of the risk would fall back on the State. While Mr. Mulligan was speaking, I read through a reply, dated 15 May, to a parliamentary question. It states: "The holding company will be wholly owned by Granahan McCourt Dublin (Ireland) Limited, subject to the Minister's special share". This does not seem to suggest Tetrad Corporation has any ownership of the...
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: For the purposes of clarity, is Mr. Mulligan saying the only returns to the bidder will be based on certain performance milestones being achieved or will it just be a straight line return over a certain number of years, that is, a return will be made on an annual basis, regardless of the requirements?
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: Are they related to the sign-up of customers or just the passing of homes?
- Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)
Timmy Dooley: Let us take the worst case scenario, in which no one or a low percentage of less than 20% - that would be the standard in starting off - sign up. Would Mr. McCourt still be able to achieve the bulk of his milestones based on designing the network, rolling it out, passing premises as set out and so on?