Since a fund managed by Spanish firm Asterion Industrial Partners bought an 80 per cent shareholding in the group of companies managing Ireland’s National Broadband Plan two years ago, details of the deal have been slowly trickling through. The latest to emerge is that the short-term credit investors who rushed in to get the contract over the line five years ago, before selling out in 2022, own the right to a slice of future profits if National Broadband Ireland (NBI) performs well for its new shareholders. First, it was revealed in July 2022 that Asterion was buying out Oak Hill…

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