On December 6, after the National Broadband Ireland group of companies filed their first full set of annual accounts showing that €98 million out of the €100 million initially advanced by private investors in the National Broadband Plan were in the form of shareholders’ loans, The Currency asked NBI, the Department of Communications and the former minister who signed the contract, Richard Bruton, a series of questions. Why the difference between this debt funding and Bruton’s commitment that NBI’s shareholders would invest in equity? What would happen when the loans fall due at the end of their term in January…
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