Seanad debates

Wednesday, 19 May 2004

10:30 am

Photo of John Gerard HanafinJohn Gerard Hanafin (Fianna Fail)

I wish to raise the duopoly in the mobile phone market in this country. The profitability of O2 has gone from €81 million to €200 million. That could mean Vodafone, which was the most profitable company in the Irish market last year, will show profits in excess of €300 or €400 million. It is unrealistic to allow any company in a small State to make supernormal profits without putting something back. Those companies should reflect the Irish nature and Irish characteristics and try to comply with the wishes of Irish people regarding regulation and self-regulation, as it currently stands, to ensure——

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