NBI draws down further €20m to speed up broadband rollout

The David McCourt-headed firm is trying to make up ground on the delayed implementation of the multibillion-euro rural internet scheme

9th January, 2022
NBI draws down further €20m to speed up broadband rollout
David McCourt, chairman, National Broadband Ireland: the company has faced questions in recent months over its funding, ownership and control, as well as over the slow pace of delivery of the rural internet scheme

National Broadband Ireland has drawn down an additional €20 million in funding from its backers as it attempts to make up ground on the delayed rollout of the multi-billion-euro rural internet scheme.

The company, headed by David McCourt, the US businessman, has faced questions in recent months over its funding, ownership and control, as well as over the slow pace of delivery so far.

The company recently drew down a further €20 million in unsecured...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

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

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

Clear and present dangers: The risks the country’s face, and how we should prepare

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