Written answers
Tuesday, 14 December 2021
Department of Communications, Climate Action and Environment
National Broadband Plan
Catherine Murphy (Kildare North, Social Democrats)
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124. To ask the Minister for Communications, Climate Action and Environment if he has been notified by National Broadband Ireland of the amount in loans made available to same by a company (details supplied) that holds a five per cent interest in National Broadband Ireland. [61371/21]
Ossian Smyth (Dún Laoghaire, Green Party)
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I have been advised that National Broadband Ireland has only received shareholder loans from Metallah Limited, its holding company.
While there are other holding companies in the structure, which is commonplace to facilitate investment in large scale critical infrastructure projects, I am advised that the substantive entities providing the investment to Metallah Limited are Granahan McCourt Fund Limited (a David McCourt controlled company) and Tel-IE Broadband Sari, an entity managed and controlled by Oak Hill Advisors.
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