Results 1,941-1,960 of 10,962 for speaker:Timmy Dooley

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?

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: I might contribute again at the end of the meeting.

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: The voters will appreciate it.

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: I have a few.

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: I will try to keep it to questions. This assertion has been made that the State's liability is capped at up to €3 billion and Granahan McCourt is taking on an uncapped liability. What instrument is used to guarantee that position?

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: What instrument is used to give effect to the future protection of the State, since in the event of any failure or evaporation of one of the owners the State is the guarantor? What connection goes back to the shareholder? Is there a shareholder guarantee? Do the shareholders in the new company guarantee the contract? Is there any recourse between the NBP company, the holding company and...

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: Perhaps I am putting this incorrectly so we will take it carefully. We have the ultimate company that will do the work, then there is this holding company and then there are the shareholders. In the event that the broadband company does not perform and, as a result, develops a significant liability or requirement for investment, what guarantee does the State have that the shareholder will...

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: Neither am I.

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: For sure and that is where my concern is regarding the ownership. It all speaks to the ownership model associated with gap funding versus the concession model because when myriad companies are involved, obligations denigrate somewhat over time, and they certainly denigrate as one goes from one holding company to the next. I would like to see that direct link back to the people who have the...

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: -----and whether they are required to remain committed because they have been in and out like "Lanigan's Ball" for a while. Whoever is the final money entity needs to be connected. Will the Department commit to providing us with whatever documentation it can to demonstrate the linkage between all these companies, which shows who owns what, the shareholdings and what instrument is used to...

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: That is great. The cost and value for money are important and we have to address those but rapid deployment of high-speed broadband is the major issue because that speaks to the policy behind all of this and seven years is not rapid deployment. I want to try to understand the contingency plan that the Department looked at in 2019, in particular, when it stated the following: "The...

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: Yes. The Department states, "The subsidy estimates presented in this paper, as well as the costings, revenue projections, timelines and other supporting assumptions have been extrapolated from information provided by the bidder...". Is that Granahan McCourt?

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: The Department is taking their numbers and using them to extrapolate how alternatives might be costed. The Department is relying on their information.

Joint Oireachtas Committee on Communications, Climate Action and Environment: National Broadband Plan: Discussion (22 May 2019)

Timmy Dooley: Did the Department do a full cost model on the alternatives?