Spanish firm Asterion has bought out two major shareholders of the company delivering Ireland’s national rural broadband network, which between them had less than €1 million equity in the firm

Social Democrat leader asks PAC to disclose who made money on the sale of 80 per cent of firm set up to oversee national broadband rollout

Departing investors in the company set up to deliver broadband to rural Ireland stand to make a return of more than 25 per cent

Decision expected shortly on whether to allow handover of 80 per cent of firm charged with national broadband rollout

Asterion is to buy out the National Broadband Ireland shares of Oak Hill and Twin Point Capital. But it remains to be seen whether the new investors take a passive stance, or instead engage in an ‘industrial approach’

Asterion Industrial Partners last week agreed to buy 80 per cent of the company, which is tasked with delivering the multibillion-euro National Broadband Plan