Seanad debates

Tuesday, 20 February 2007

Communications Regulation (Amendment) Bill 2007: Committee Stage

 

6:00 pm

Photo of Noel DempseyNoel Dempsey (Meath, Fianna Fail)

There is a slight difference between ground rents and what we are talking about now. We got paid approximately €8 billion for the piece of infrastructure we had in the ground. The people who have it bought it from us. If I recall rightly, in the early 1970s, when the then Minister for Posts and Telegraphs, Deputy Albert Reynolds, announced that the system would be digitised and the network put in, it cost approximately €2 billion. We got a reasonably good return on it in the meantime. There is a difference. It is private property now. It has been owned, bought and paid for——

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