National Broadband Plan labelled 'the worst deal ever seen'

The €3bn State investment in the controversial National Broadband Plan has been labelled “the worst deal ever seen” after it emerged that the private operator chosen to deliver it will only invest €200m equity in it.

Opposition leaders and TDs lambasted the Government after it was revealed that Granahan McCourt’s investment will be just one-15th of the State’s, yet the consortium, and not the taxpayer, will own the asset at the end of 25 years.