David McWilliams: Rural broadband plan is a gift of billions to private firm

The State will pay most upfront costs, then give away our investment. Take that in

Minister for Finance: Paschal Donohoe announces the national broadband plan. Photograph: Gareth Chaney/Collins

Minister for Finance: Paschal Donohoe announces the national broadband plan. Photograph: Gareth Chaney/Collins

The Irish State is going to pay the lion’s share of the upfront cost of rolling out broadband around the country and then is going to gift this infrastructure to a private investment company. Take that in.

The private company has the potential to sell off these assets at a profit – even if the State allows itself some clawback of such funds. That is what private companies tend to do.

The Irish Times
Please subscribe or sign in to continue reading.
The Irish Times

How can I keep reading?

You’ve reached an article that is only available to Irish Times subscribers.

Subscribe today and get the full picture for just €1 for the first month.

Subscribe No obligation, cancel any time.