Results 5,701-5,720 of 7,597 for speaker:Ruairí Ó Murchú

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: So National Broadband Ireland could do the business itself?

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: That is delays across the board.

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: I accept that. In fairness to National Broadband Ireland, it has stated this is where it is being held up. It is perhaps something we as a committee need to chase up. We must make sure we can mitigate against logjams such as this as much as possible. Will Mr. Malone just give some detail? We may as well throw all of the figures out there. If we are talking about an acceleration, in...

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: Yes.

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: So that is it. It is not going to be five years. It is six years. I appreciate what we have been given. There were other issues, in fairness, that Mr. Malone had highlighted previously about poles and planning permissions. I assume someone will deal with those in their contributions. I thank the witnesses.

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: Others have said it was a bit hectic earlier moving from one location to another, but there is probably a fair amount of additional information in the public domain. That does not do any harm, from anyone's point of view. I have a couple of questions I want answered. I will not labour them greatly. Who or what is UTi Ireland LLC?

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: Is there further information on the company?

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: I would not like to have to draw the diagram.

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: Mr. Hendrick said he wants the journalists to engage directly with him.

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: It was always there.

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: In fairness, it is good to hear that, because that was our fear. I will be honest - it was the example of the initial paying of the €20 million performance bond that caused people to get worried and to think it was a cash flow issue, but that is not the case. I wish to return to the question of debt and equity or debt versus equity, for want of a better term. I will move through...

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: Mr. Hendrick said something earlier about getting a new investor or new funder that would give NBI the capacity to become a major international telecommunications operator. Would that be fair enough? I suppose that is being done on the basis that Mr. Hendrick does not believe the structure he has behind him is fit to do that business. I am not trying to catch him out in any way. I am just...

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: Investors give the capacity.

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: It involves minor redesigns.

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: The reason is that I asked about investors.

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: NBI does not need those investors.

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: In fairness, Mr. Hendrick was clear that he was talking post this. I accept some of what the Chairman said. Mr. Hendrick said NBI is looking for an investor that would want to invest long term. He might not be able to answer this question but is it fair to say that Oak Hill Advisors or whoever might not be that investor whereas somebody else with telecoms history might be?

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: Or planning.

Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)

Ruairí Ó Murchú: Have a name.