National Broadband Plan: Statements
Dail Éireann — 2022-01-27
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Darren O'Rourke (SF), Meath East

I will follow on from the query on financing. The Minister of State gave some details which seemed to contradict some of the information in the public domain. I ask the Minister of State why NBI's investors were permitted to fund the company through high-cost loans on which they will earn significant interest, instead of through the purchase of shares. It is reported that there was a €223 million investors' contribution and that it would be made by way of equity investment. In fact, it is reported that it was almost exclusively debt; some €221 million of debt. Those are the figures in the public domain. I ask the Minister of State whether they are accurate and what is the current state of affairs.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2022-01-27/debate/main
Retrieved: 2026-08-14T04:50:02+00:00
Sitting date: 2022-01-27