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

19th December, 2021
Revealed: the multiple firms at the centre of NBI’s financial labyrinth
David McCourt’s investment and control of National Broadband Ireland (NBI) is not what we have been led to believe: the man at the helm has a 2.7 per cent share of NBI. Picture: Claire Wood

David McCourt, the US businessman, has long been the face of the state’s multibillion-euro National Broadband Plan. His has been a constant presence throughout years of negotiation and the first two years of delivery of the government’s ambitious plan to provide 1.1 million people with a high-speed internet connection by the end of 2026.

That steady presence has been maintained despite repeated changes in the make-up of those vying to be granted the...

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