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
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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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
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
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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