David McCourt | Business Post

‘Over time, you’ll see if NBI does a good job and you’ll see what legacy I leave’ – David McCourt

David McCourt, the businessman in charge of Ireland’s National Broadband Plan, talks about the rollout targets, delays and controversies, and his conviction that despite this, the project has a bright future

Departing investors to make €380m from sale of national broadband stake

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

NBI investors earned €2.2 million in extra fees in 2021

Parent company Metallah received €134.8 million in subsidy income from taxpayers last year

National Broadband Ireland paid over €2m in fees to investors

The company said the money paid to its backers in previous years was due to ‘start-up costs’

TD calls for details of profits from flipping of NBI stake

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

Sale of 80% stake in National Broadband Ireland to Spanish firm approved

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

Total amount of NBI subsidies from state reaches €244.5m

Details of the taxpayer support that David McCourt’s National Broadband Ireland has received to date were contained in an update provided to members of the Public Accounts Committee

As Asterion takes a 80% stake in NBI, what exactly does it mean for the rural broadband plan?

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’

NBI investors set for returns of over 25% from sale of stake to Asterion

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

Asterion Industrial Partners to buy 80% stake in National Broadband Ireland

Spanish investment firm set to acquire the stakes of a number of major and smaller investors

NBI seeks to transfer 75% of shares in owner reorganisation

Axa and Allianz are said to be interested in investing in the company established to roll out the country’s multibillion-euro broadband plan

‘Significant progress’ made in rollout of National Broadband Plan, politicians to hear

National Broadband Ireland says there is now ‘real momentum’ behind the project which has been beset with missed targets so far

The men behind the wire: National Broadband Ireland is struggling to hit its connection targets, but its leadership insists that it can catch up

The company has two key tasks to get to grips with to ease the level of scrutiny it’s currently facing. Firstly, it has to convince observers that its financing arrangements and ownership structure are all in order and then it has to reach far more homes and businesses with its network as quickly as possible.

Peter O’Dwyer: The new knowns and many unknowns of NBI

Politicians uncovered more information about the National Broadband Plan in recent days, but serious questions remain about the financing, ownership, control and progress of the state’s biggest ever deal

Fees taken from NBI were not reimbursement of costs, says Dept of Communications

Records show Metallah Ltd, a parent company of the two NBI companies established to deliver the broadband project, made a string of payments to a firm controlled by businessman David McCourt

Revealed: McCourt firm owns less than 3 per cent of National Broadband Ireland

Businessman was awarded multibillion-euro contract in exchange for just over €100,000 equity investment

Revealed: the multiple firms at the centre of NBI’s financial labyrinth

Amid growing unease over the scale of the investment by its backers in the controversial multibillion National Broadband Plan, the Business Post can reveal exclusive details of investment and ownership, in particular in relation to the project’s frontman David McCourt

Almost €170m in taxpayer funded subsidies have been paid to National Broadband Ireland

The company set up to deliver the plan has received €167.8m from the state in its first two years of operation

NBI investors can provide 99% of funding through high-cost loans

Significant interest payments can be earned by investors from loans, with just 1% coming from the purchase of shares

Catherine Murphy calls for unredacted copy of National Broadband Plan to be published

Social Democrats co-leader said contents of plan need to be properly scrutinised