Tuesday, 28 May 2019

Questions (375, 376)

Barry Cowen

Question:

375. Deputy Barry Cowen asked the Minister for Communications, Climate Action and Environment further to Parliamentary Question No. 239 of 15 May 2019, if a company (details supplied) is 100% owned by the holding company referred to in the response; if the State has shareholdings in same; and if he will make a statement on the matter. [22651/19]

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Barry Cowen

Question:

376. Deputy Barry Cowen asked the Minister for Communications, Climate Action and Environment further to Parliamentary Question No. 239 of 15 May 2019, if the holding company referred to in the response is 100% owned by a company (details supplied); if the State has shareholdings of the holding company; if another company has a shareholding of the holding company; and if he will make a statement on the matter. [22652/19]

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Written answers (Question to Communications)

I propose to take Questions Nos. 375 and 376 together.

National Broadband Ireland will be wholly owned by a holding company which is in turn wholly owned by Granahan McCourt Dublin (Ireland) Limited.

The Minister will hold one special share in National Broadband Ireland. The special share will not carry any economic rights, including a right to share in profits or to vote at shareholder meetings. The special share does not count as equity share capital.