trigger hasn’t yet been revealed by SSE Ireland boss Stephen Wheeler, who was initially an enthusiastic advocate for the plan.
“It’s a natural next step,” Wheeler told me late last year. “I don’t think that anyone can dispute that broadband in the future is an essential service. The next step for us is networks.”
But not with Enet and the NBP, it seems. SSE is a large FTSE 100 company with annual revenues of almost €40bn. It may have come around to the idea that the NBP had too many unforeseen downsides, from the perspective of time management and regulatory issues, compared to the potential upsides.
Does Enet need to replace SSE?
What about the State’s exposure to Enet’s success or failure?
This is a background issue worth keeping in mind – 78pc of Enet is owned by the Irish Infrastructure Fund (IIF), a private fund which is backed by the State’s Ireland Strategic Investment Fund (ISIF) to the tune of €250m. That €250m
The next step for SSE was to be networks — but not with Enet and the NBP it seems