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Minister set to decide on sale of NBI to Spanish investment firm

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Eamon Ryan is expected to sign off on the 80 per cent sale of the company behind the multibillion-euro National Broadband Plan within weeks.

Eamon Ryan is expected to sign off on the 80 per cent sale of the company behind the multibillion-euro National Broadband Plan within weeks.

Asterion Industrial Partners, a Spanish investment firm, agreed in July to buy 80 per cent of National Broadband Ireland , the company set up to deliver the €2.7 billion rural broadband scheme, for an undisclosed fee. Mark Griffin, the secretary general at the Department of Environment, Climate and Communications , ...

 

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Also, is that what you want to do, right before getting population growth which means an increase in subscribers which means more profitability, to this investment firm which may not reinvest in Ireland.

This requires a much longer conversation about combined development of broadband with new transport infrastructure and possibly utilities, like district heating. Doing them separately is a huge waste of resources. Will this sale make that easier or harder to coordinate ?

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