Last December, The Currency began to detail the multi-layered holding structure established by National Broadband Ireland (NBI) chairman David McCourt and his co-investors to manage their interests in the state’s 25-year rural broadband contract. In February, after spending a day with senior executives from NBI and the Department of Communication to clarify its corporate workings, we published an updated map of the companies involved. As it turns out, there was still something missing. New documents filed by NBI this week reveal that another Irish company, Breesbrady Ltd, became an intermediary holding entity in the group on September 16, 2021. It…

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