NBP: Contract, NBI: Corporate Structure, Funding, and Management Fees.

The Cush

https://www.boards.ie/discussion/comment/119766043#Comment_119766043

There was an article in the SBP on this last Sunday, it said it would be approved in the coming weeks, will post a pic later.

clohamon

TD calls for details of profits from flipping of NBI stake

Social Democrat [Catherine Murphy TD] leader asks PAC to disclose who made money on the sale of 80 per cent of firm set up to oversee national broadband rollout

https://www.businesspost.ie/news/td-calls-for-details-of-profits-from-flipping-of-nbi-stake/

No harm asking I suppose. No realistic chance of an answer. Media still not asking about offsets of investors' loan interest vis. 'clawback' and corporation tax.

clohamon

Old news at this stage but the Indo is reporting NBI's results for 2021.

Losses reduced sharply last year at the company charged with rolling out the National Broadband Plan, dropping to €16.9m from an almost €70m loss in 2020.

BTW, news aggregator Qudach has a zany version of the Indo story. Here's a comparison of the last few lines.

Independent

NBI’s early backers, London-based Oak Hill Advisors and US investor Twin Point Capital, announced over the summer a deal to sell their majority stake to Spanish infrastructure investor Asterion Industrial Partners. 

Mr McCourt’s investment vehicle Granahan McCourt has retained its stake and he remains as chairman.

Qudach

NBI’s aboriginal backers, London-based Oak Hill Advisors and US capitalist Twin Point Capital, announced implicit the summertime a woody to merchantability their bulk involvement to Spanish infrastructure investor Asterion Industrial Partners. 

Mr McCourt’s concern vehicle Granahan McCourt has retained its involvement and helium remains arsenic chairman.

heavydawson

https://realassets.ipe.com/news/pantheon-infrastructure-invests-in-irish-fibre-network-developer-nbi/10063312.article

Not a new investor per-se, but rather investing through the new majority shareholders

The Cush

NBI completes 80pc sale to Asterion with 92,000 homes passed - Independent.ie

clohamon

SBP reporting. Usual caveats apply.

"https://www.businesspost.ie/news/"

There also seems to be an interview with David McCourt.

Update:

Minister issues a statement and announces €42M clawback from the sale.

Finally, under the National Broadband Plan contract, the State will also benefit from this transaction by recovering a percentage of the sale as a clawback, which I understand from NBI will see some €42.7 million returned to the Exchequer as a result of this acquisition.

clohamon

Right to Know, the transparency people, seem to have submitted an Access to Information on the Environment (AIE) request to NBI, which presumably (given the context of the tweet) was refused by NBI on grounds that it is not a public authority. A decision from the Commissioner for Environmental Information is now on hold it seems.

So the delay at the Commissioner's is due to whether Right to Know will appeal and be successful in overturning a recent Court of Appeal judgement which determined that Raheenleagh Power DAC, a joint venture power generation facility of the ESB, was not a public authority.

And it looks like SIRO is in the same boat.

clohamon

Decent, though skeptical, round up of NBI/NBP in Business Plus. Notes the potential effect of the copper turn-off.

For many households and businesses, the VDSL fibre from the cabinet service is all they want, and that may not change very much until Eir switches off the copper network.

https://businessplus.ie/industry-type/energy-telecoms-utilities/national-broadband-plan-2/

heavydawson

https://www.boards.ie/discussion/comment/119982783#Comment_119982783

There's a number of issues with that piece. The closing two paragraphs alone should ring alarm bells:

As rural dwellers wait for NBI to accelerate out of the Covid setback, private sector operator Imagine is building out its Fixed Wireless Access (FWA) broadband network, which provides fast broadband with a cable. Unlike National Broadband Ireland, Imagine does not receive a taxpayer subsidy.

ComReg reported that Fixed Wireless Access (FWA) connections grew 12% to 84,000 in the year to June 2022 — the same as number of premises passed by NBI in September. In its wisdom, the Department of Communications assessed and rejected the merits of FWA when deciding on the National Broadband Plan.

The cherry picking of NBI numbers from September for an article written in December is also suspect:

At the end of September 2022, 85,400 premises had been passed, so that January target will not be met.

Also spot any editorial slip-ups in this:

Imagine is building out its Fixed Wireless Access (FWA) broadband network, which provides fast broadband with a cable

The Cush

https://www.boards.ie/discussion/comment/119986806#Comment_119986806

The use of the September data stood out to me when I first read it too, they had the October and November data by that time, why use older numbers?

On the last paragraph, which point, the building out part or the fwa broadband with cable or just the fast broadband part?

On the building out, with not a lot of spectrum surely the building out is long since complete.

I wonder if they are bidding for any of the 2300/2600 MHz spectrum at auction, which could be underway as we speak.

clohamon

https://www.boards.ie/discussion/comment/119986806#Comment_119986806

The cherry picking of NBI numbers from September for an article written in December is also suspect:

"At the end of September 2022, 85,400 premises had been passed, so that January target will not be met."

Fair point, though he was comparing with the original January 2023 target (115k + 85k) however irrelevant it now is.

I thought he made a good point about the effect of the copper switch-off on NBI's take-up.

The Cush

https://www.boards.ie/discussion/comment/119987392#Comment_119987392

And the answer is yes, they secured 40 MHz and 15 MHz in the respective bands according to the results of auction main round published this evening.

https://www.comreg.ie/publication/multi-band-spectrum-award-results-of-main-stage-stage-information-notice

heavydawson

NBI Reference Offer Bitstream and VUA v2.3 (Marked).pdf

Update to the service provider docs today. At a superficial level it seems to restrict the level of access the Government has to certain information (and the level of auditability) made available by NBI. The redline document version is attached so the changes are highlighted. Probably nothing, but just interesting.

clohamon

Executive bonus pot as reported by The Currency

NBI management in line for bonuses of up to €37.5m as broadband roll-out accelerates