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Government and State completely at the mercy of venture capitalist for Broadband - Brian Stanley TD

11 October, 2018 - by Brian Stanley TD

Sinn Féin Communications spokesperson Brian Stanley TD said the Ministers repeated personal meetings with the only bidder left in the National Broadband Plan, shows the Minister, and the Government, are a prisoner of venture capitalist, with rural dwellers and taxpayers the ones to loose most.

Deputy Stanley:

“This Broadband contract, to connect 542,000 households, is for 25 years and subsidised by the state - full ownership is then handed over to a private company.

"The Government has made repeated mistakes in a tender and is now at the mercy of a venture capitalist.

“The Minister is completely tied to a single bidder, and his meetings with him are at the very least a panicked reaction to an utterly desperate situation.

"Government has no Plan B in all of this. For them it is the American venture capitalist or it is nothing.

“There is a huge web of state owned infrastructure across the state that could be used for the roll-out of the National Broadband Plan.

“The most important thing in all this is that there are 542,000 households across the State still waiting for vital modern communications 6 years after it was first announced.

"High-Speed Broadband is needed, not just for jobs across rural Ireland but is also a quality of life issue.

“The current tender process is flawed and compromised, it is open to legal challenge and contains only one bidder where the bidder has all the bargaining power.

"Government mistakes will mean we are no closer to starting the installation of much needed broadband in rural Ireland.”

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