Last Friday, National Broadband Ireland (NBI) began to install high-speed internet connections at premises in Co Kerry’s Black Valley, the famous infrastructure black spot whose inhabitants were last to be connected to the national electricity grid in 1977. Just 48 hours earlier, the Spanish investment firm that acquired a majority stake in the company contracted to roll out the State-sponsored National Broadband Plan (NBP) had extracted a €33.7 million dividend from the business. In a resolution passed on September 11, the directors of Juniper Midco Ltd, a UK company holding Asterion Infrastructure Partners’ interest in NBI, restructured its capital on…

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