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National Broadband Plan

Dáil Éireann Debate, Tuesday - 14 December 2021

Tuesday, 14 December 2021

Ceisteanna (124)

Catherine Murphy


124. Deputy Catherine Murphy asked the Minister for the Environment, Climate and Communications 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]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Environment)

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.

Question No. 125 answered with Question No. 81.