McCourt offloads remaining Enet stake

McCourt offloads remaining Enet stake
McCourt to focus on broadband bid

David McCourt said he was selling the 22 per cent stake 'in order to fully commit our time, energy and resources' to his group's bid for the National Broadband Plan contract

Granahan McCourt Capital has sold its remaining 22 per cent stake in telecoms firm Enet to the Irish Infrastructure Fund (IIF), which now owns 100 per cent of Enet.

IIF is a state-backed fund managed by Australia’s AMP Capital and Irish Life Investment Managers.

Granahan McCourt is headed by Enet founder David McCourt, who said he was selling the 22 per cent stake “in order to fully commit our time, energy and resources” to his group's...

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