Broadband

National Broadband management could get bonus of up to €37.5 million

Metallagh made an underlying profit of €16.2 million in 2022

David McCourt, chairman of Metallah. Picture: Julien Behal Photography

Last year’s accounts from Metallah, the parent company of the two frontline national broadband companies, has a €25.8 million “one off charge” related to the management investment plan that is in place between 2019 – 2028.

“This expense relates to a total of up to €37.5 million that may be paid to the participants of the plan over a number of years,” David McCourt, chairman of Metallah, and Derek McManus, a director of the company, ...