Buffett partner and New York VC fund backing broadband
Mr McCourt released by the Government, department officials were pressing for “a permanent, Irish-based, leadership position” within the consortium, a need for “streamlined decision making processes” and the need for any changes within the consortium to be avoided “or, if necessary, to be kept to a minimum”.
The officials also pressed for “the need for the necessary financing to be in place” by August 15. All of these issues, Mr McCourt said, have been met.
Mr McCourt has also denied that businessman Denis O’Brien is “part of the consortium”, saying that Mr O’Brien’s Actavo firm was “merely a sub-contractor” and that he had not spoken to Mr O’Brien.
He also refuted the claim that selling his stake in Enet represented any detachment from the National Broadband Plan process on his part.
“There is no change in the consortium’s goals,” he said. “Granahan McCourt was always the lead entity in this consortium. We led the consortium since the pre-qualification questionnaire was submitted in March 2016 and as we are now looking ahead to delivering the NBP, and in order to fully commit our time, energy and resources to this ambitious project, we have taken the decision to sell our remaining stake in Enet.
“I have long believed that the provision of world-class connectivity needs to be viewed as a vital utility and Enet continues to play a significant role in solving this problem for many citizens across the country. I have been proud to have been part of the company’s ownership structure and wish the team a successful future.”
The IIF is managed by AMP Capital and