David McCourt - the last man standing in Ireland’s broadband process

US businessman’s firm fronts the final consortium

David McCourt pictured at a Science Foundation Ireland Event at the US Institute for Peace in March  2018.

David McCourt pictured at a Science Foundation Ireland Event at the US Institute for Peace in March 2018.

 

US businessman David McCourt is the founder and chairman of Granahan McCourt, a private investment firm specialising in telecoms and media.

Following the high-profile exits of Eir and ESB-Vodafone joint venture Siro and more recently UK plcs SSE and John Laing, McCourt’s firm is the only bidder left in the Government’s stop-start National Broadband Plan (NBP).

McCourt says he has invested more than a €100 million in telecoms in Ireland mainly through his acquisition and expansion of Irish telco Enet, which he purchased in 2013 and recently sold to the State-backed Irish Infrastructure Fund (IFF).

The Irish-American entrepreneur, who recently bought a home in Co Clare, owns a number of other businesses in the UK and around Europe but insists his Irish operation is central to his plans.

He made his fortune from the sale of his US phone company, Corporate Communications Network, to WorldCom for $14 billion in the 1980s. Worldcom later went bankrupt.