In July, SSE, which was also involved in the then Enet consortium, also pulled out of the process. For the best site experience please enable JavaScript in your browser settings, Elon Musk satellites to beam high-speed broadband to Kerry valley, Government plans network of over 400 remote working hubs, National Broadband Ireland criticised for ‘gaps’ in rollout of scheme, Davy group of 16 face possibility of personal sanction from Central Bank, Chris Johns: Growing the economy, not cutting debt, must be our priority, Immunity from Covid-19 lasts up to six months after infection – Hiqa, Ken Early: Klopp all at sea as Liverpool continue to flounder, Discover a family affair with whiskey and own a piece of the story, Building a resilient workforce to help shape a ‘new better’, New EU labelling system for appliances gets top marks, How to save money on your house sale - and what to do with it. The partners for the construction phase include Actavo, the Kelly Group and the KN Group. The overall price of the scheme – estimated at between €1 billion and €1.5 billion – seems to have ballooned since the tender process began. Doubtless that was a figure Denis Naughten would have mentioned when playing up the company’s firepower to fellow Cabinet members. Nokia, meanwhile, will be the consortium’s technology partner. He said around 80 people in the department would evaluate the tender. Actavo, a leading international engineering solutions company headquartered in Dublin, has announced that it has acquired a key division of U.S. company, Atlantic Engineering Group, Inc. It’s more than just bad optics – there is another issue. Businessman Denis O’Brien (61) first made his fortune in 2000 when he sold his Esat Telecom business to British Telecom Group for €2.4bn. The company, formerly known as Siteserv, reported an operating loss of €32.2 million last year, but expects to … Why is loyalty punished when it comes to Irish mortgages? Denis O'Brien is a serial entrepreneur and the founder and owner of Digicel and Communicorp. While the cost of building the network is forecastable, roughly €2,000 per home or business, equating to a little over €1 billion for the 540,000 homes and businesses covered by the plan, the future operating costs, which are heavily predicated on the uptake of contracts, are not. The Dublin office market is “a bubble”, says businessman Denis O’Brien in a warning that comes almost 10 years since the last crash. Denis O'Brien (born 19 April 1958) is an Irish billionaire businessman, and the founder and owner of Digicel and Communicorp. The O'Brien-owned Communicorp is Ireland’s largest commercial radio group with a weekly audience of more than 1.75m listeners. Denis O’Brien’s Actavo, formerly known as Siteserv, has joined a consortium bidding for the national broadband plan (NBP) as the process reaches the final hurdle. Actavo, a leading international engineering solutions company headquartered in Dublin, has announced that it has acquired a key division of U.S. company, Atlantic Engineering Group, Inc. A key question is why did two blue chip UK plcs exit what was effectively a one-horse race with a fat Government cheque at the end? The consortium’s latest iteration lists Actavo, Nokia, the Kelly Group and the KN Group as “key partners”. Should the Government be dealing with O’Brien and Buckley via Actavo while the other investigations are taking place? Other partners in the consortium include Enet and Nokia. Commenting on his company’s submission of the tender, he said: “We have assembled a world-class team with financial resources, unrivalled construction expertise and proven experience of operational capabilities to deliver this project for the Irish Government and for the citizens in rural Ireland. “It’s evident that the character of the remaining bidder has changed dramatically since SSE pulled out of the bidding process in July,” Dooley says. Not only does it underscore the two-tier nature of the Irish economy, it accelerates rural depopulation, issues that get a lot of airtime in Leinster House. Granahan McCourt declined to provide details of how its consortium was structured. 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Former executives at Denis O’Brien’s services business Actavo, formerly Siteserv, have launched separate legal actions against the company. Minister for Communications Denis Naughten told the Dáil on Tuesday that his department had received the final tender relating to the national broadband plan. The Granahan McCourt consortium – formerly fronted by Enet – suggested the final tender lodged today “demonstrates the consortium’s commercial, financial, legal, as well as technical solutions for the delivery of the world class gigabit broadband to every home, farm and business in the intervention area”. Either way, it must be worrying for Minister for Communications Denis Naughten that Eir, ESB-Vodafone joint venture Siro, SSE and now John Laing – a sizeable chunk of the industry here and in the UK – have all looked at the project and said ‘no thanks’. At the outset, it was led by Irish telco Enet, backed by Granahan McCourt. Actavo, the Denis O’Brien-owned utilities services company formerly known as Siteserv, is masterminding a smart meter revolution Gavin Daly Sunday September 03 2017, 12.01am , The Sunday Times The deal, for an . The Minister believes we have passed a milestone with the submission of a final tender this week, but doubts remain over where this process is going. Inside Business with Ciaran Hancock - Dublin Bus CEO Ray Coyne on the future of transport in the city, Easy to follow guides to make technology simple, DJI FPV drone: Flying colours for an immersive first person view, Samsung Galaxy XCover 5: Easy to use and hard to break is the motto, Apple AirPods Max: Expensive price tag but unmatched headphone quality, Starcamp Club’s virtual St Patrick’s Day: Two hours of magic and more. Asked by Fianna Fáil TD Timmy Dooley whether John Laing Group, a London-based infrastructure investor and manager, were still involved in the process, Mr Naughten didn’t comment. Pressed my Mr Dooley on the members of the consortium, Mr Naughten said: “the 543,000 families and business across Ireland don’t care what’s on the side of the van, they want high speed broadband, they deserve high speed broadband and I’m determined they get high speed broadband.”. Commenting on the submission of the tender, founder and chief executive of Granahan McCourt, David McCourt, said: “We have assembled a world-class team with financial resources, unrivalled construction expertise and proven experience of operational capabilities to deliver this project for the Irish Government and for the citizens in rural Ireland. Brian Kelly – CEO Actavo Brian, who holds values in safety, certainty in delivery and teamwork, is a senior internationally experienced executive, with a strong engineering background. The project will involve laying more than 110,000km of fibre-optic cable, in many cases across remote and difficult terrain, a logistical nightmare thanks to the Republic’s patchwork of one-off housing and dodgy planning. Learn More Mr Corkery is the chairman of Denis O’Brien’s engineering services company Actavo, formerly known as Siteserv, and previously held the role of chief executive there. Defending her company’s decision to exit the process, Eir boss Carolan Lennon told an Oireachtas committee this week that investing in telecoms infrastructure in Ireland was an extremely tricky business, noting that 42 per cent of Irish people lived in rural areas compared to an EU average of 27 per cent. Matters surrounding the purchase of Siteserv by Mr O’Brien are subject to an investigation by Mr Justice Brian Cregan. In addition to announcing its new partners, the consortium – National Broadband Ireland – said it will have access to Eir’s rural pole infrastructure as well as their duct network to complete the physical bid. Communications entrepreneur Denis O'Brien (59) first made his fortune by building up telecoms firm Esat in the late 1990s before selling it to BT, netting about €317m in cash. Why is loyalty punished when it comes to Irish mortgages? Mr Buckley is involved in a legal action launched by INM for damage allegedly caused to the company by his conduct. References This page was last edited on 19 July 2018, at 15:13 (UTC). Davy Q&A: Who was involved, what happened and what is the likely fallout? Mr Buckley is alleged to have been involved in a suspected “data breach” in which outsiders were granted secret access to INM’s email servers. 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As well as Today FM … Denis O'Brien is a serial entrepreneur and the founder and owner of Digicel and Communicorp. Add to this the State’s poor experience of telecoms investment in the past: Eir has been flipped several times since privatisation by venture capitalists looking for a quick buck and starved of investment, an issue that is ironically at the heart of why we’re having this process in the first place. Pre-tax profits at Denis O’Brien’s Siteserv soar 80% to €14m Pre-tax profits at the Denis O’Brien-owned Siteserv last year almost doubled to €14.24m, new accounts show. “This reality, coupled with the geography of our environment, poses an enormous challenge to Eir in making the business case for further fibre network investment in more remote areas where costs would be prohibitive,” she said. But in July SSE pulled out while this week John Laing exited, and Enet now seems to have been relegated to a bit player. 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Typically financial investors such as McCourt work to shorter investment horizons and tend to be more focused on the financial engineering of the project rather the technical side of things. 13 talking about this. The consortium which will install broadband includes a Denis O Brien controlled company ,Actavo. Did they baulk at the terms of the Government contract or did they fall out with David McCourt, the outspoken founder and chairman of Granahan McCourt? “A trade player is more likely to have a long-term horizon that is more suitable to building the right infrastructure for years to come as opposed to coming out with the right answer financially in the short term,” an industry insider told The Irish Times. Digicel IPO cancelled due to market volatility. At €20 a pole, this could cost €20 million a year or €400 million over the contract’s lifetime, which will hike up the cost to the taxpayer. Actavo International Engineering. This is because most of quasi-commercial part of the original scheme was removed at the last minute and controversially placed in Eir’s commercial rollout. Actavo has also reduced its headcount in its networks division and its Dublin-based group structure. Earlier this year, Eir pulled out of the running citing “repeatedly highlighted” commercial, regulatory and governance issues. The firm, which includes former Independent News and Media (INM) chairman Leslie Buckley as a board member, was named as a “key partner” to the bid led by US investor Granahan McCourt. ”. Q&A: What is the broadband plan and what happens next? The Denis O’Brien-controlled Irish engineering company, Actavo — formerly Siteserv — recorded a 25% increase in pre-tax profit last year, helped by €99.5m in revenue from its Irish operations. Denis O’Brien’s entry provides another twist to State’s broadband saga Should Government be dealing with O’Brien via Actavo with investigations taking place? 11 talking about this. Despite these concerns, Naughten appeared genuinely excited when informing the Dáil on Tuesday that his department had received the final tender from Granahan McCourt. Photograph: Ben Hider/NYSE Euronext/PA Wire Strangely, when Fine Gael wanted to install water meters, they also gave the contract to another Denis O’Brien company. And that the Government’s seminal communications strategy, the one to bring rural Ireland into the 21st century, now hangs on the whim of a US investment firm, ostensibly a financial rather than an industry player. A consortium comprised of ESB and Vodafone also removed itself from the process. There is, after all, a vitally important bit of State infrastructure at stake, one that has been continually promised since 2012, but which is now unlikely to arrive before 2020. He was listed among the World's Top 200 Billionaires in 2015 and is also Ireland's richest native-born citizen. It has, after all, been a long road, one that has taken six years and three ministers. McCourt, who recently bought a home in Co Clare, estimates he has invested more than $100 million (€85 million) in telecommunications in Ireland, primarily through his company’s acquisition and expansion of Enet. Denis O'Brien's engineering company Actavo, formerly called SiteServ, has expanded into the United States. This was originally flagged as a major stumbling block with the Government pushing Eir to lower its access price, which is regulated by ComReg, but this issue seems to have receded. Equally, the Government may have included some onerous clauses to cap future revenues accruing to the winning bidder and/or limiting future share disposals to protect the taxpayer, mindful of the private windfalls that have been made on the back of previous telco sales. Brian's recent roles in Australia from 2009 to 2017 were as Senior Regional Executive for Asia Pacific for SNC Lavalin and Country Manager for Australasia (Australia and Papua New Guinea) for Kentz. Davy Q&A: Who was involved, what happened and what is the likely fallout? The €3 billion bill will be paid for by 2,000 less social homes as well as 18 primary schools and 10 primary health care centres. Denis O’Brien founded Digicel in 2001 and has served as the company’s Chairman of the Board since the company’s inception.Under Denis’s leadership, Digicel gained its first 100,000 customers in just three months. ”. Digicel IPO cancelled due to market volatility. The plan, which was first announced in 2012, promised to provide “next generation broadband to every home and business in the State” through a combination of commercial and State investment. Asked by Fianna Fáil TD Timmy Dooley whether John Laing were still involved in the process, he didn’t comment. Most of the job losses are in Actavo’s British industrial division with about 350 jobs associated with its work for defence giant Babcock. Minister for Communications Denis Naughten announcing details of the National Broadband Plan at Government Buildings last year. Q&A: What is the broadband plan and what happens next? The absence of adequate broadband services in rural parts has become a major political issue for the Government. The Government’s broadband plans were mired in enough controversy before Denis O’Brien’s Actavo, formerly Siteserv, emerged this week as part of the final consortium left in the process. Then it was joined by Scottish utility SSE and logistics giant John Laing. Why so many telcos have departed from Government’s project is difficult to weigh up without seeing the contract but it may come down to the market risk involved in investing in rural broadband here. While it is unclear when the final tender will be accepted or declined, Mr Naughten said his department will evaluate it “over the coming weeks”. Someone has a big judgment call to make.”. Extend rule on vacant buildings' use for housing - Peter McVerry Trust, Chawke lodges fast-track plan for 299 apartments on Goat Grill site, Property developer Liam Carroll dies aged 70, Aberdeen Standard fund pays €20m for Dublin apartment portfolio, Investors eye purchase of €78m worth of Dublin logistics assets. While Enet no longer appear to be leading the bid, the consortium said it will be “an integral part of the ongoing operation of the network when built”. Mr Buckley has said consistently that he will “fully and robustly” defend himself against the allegations. The deal, for an . Denis O'Brien's engineering services company Actavo, formerly known as Siteserv, has announced the appointment of a new chief executive.In a statement, the company said chief executive Sean Corkery is to step down with immediate effect after five years at its helm. Will the new first-time buyer plan push up house prices? Eir’s clever strategy of doughnutting towns and villages in the Government’s intervention area with its own technology means Granahan McCourt, presuming it wins, will have to traverse Eir’s infrastructure to get at the NBP homes, paying a handsome rent to the former semi-State in the process. 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That said, he didn’t have much choice as with one horse left in the race the Government cannot be picky and must align itself to the only bidder left or pull the plug and face a political controversy that could conceivably topple it. The company, in which former Independent News and Media chairman Leslie Buckley is a board member, is part of a group led by private investment company Granahan McCourt. Our safety credentials are industry recognized and are gold standard. The Denis O’Brien-owned company still employs 5,000 people. Eir and Siro are building fibre networks in rural towns and villages across the country, but typically only get 20-30 per cent of the population passed by their networks opting in. Photograph: Cyril Byrne. Surely this was not what the Government envisaged at the outset. Actavo states that they have a global workforce of 5000+ people in 100+ locations. Read Full Article. [citation needed] Their head office is located in Dublin. Actavo is led by CEO Brian Kelly who assumed the role in May 2018. The facility was officially opened by Republic of Ireland football manager Martin O’Neill and Guss O’Connell, mayor of South Dublin County Council. A spokesman for the consortium also declined to comment on the involvement of John Laing Group but Mr Dooley said it was his understanding they were no longer involved. The fact that O’Brien and Buckley are both central to a major investigation into the alleged illegal mining of data from the servers of the State’s largest media group, and now find themselves among the consortium in pole position to scoop the Government’s biggest-ever communications contract, worth more than €1 billion, is an unexpected turn of events. In remote areas, where the roll-out costs are even higher, the uptake may be lower. Actavo, the engineering services firm majority-owned by Denis O’Brien, is in talks with its lenders over a refinancing plan after it posted a significant loss last year. Moving to a right-sized home: What are your options? 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Re/ Siteserv - Actavo Alan Dukes role as public interest director when €150m of Sitserv debts were written off before selling to #DenisOBrien Fiona McLoughlin Healy@fionamacky Excellent account and reminder of the Denis O Brien/Lowry considering the legals that would have been required. Mr Buckley has consistently said he would “fully and robustly” defend himself regarding the INM investigation. Denis O’Brien, third from left, with former taoiseach Enda Kenny at the ringing of the bell at the NYSE on March 19th, 2012. Fri, Sep 21, 2018, 03:15 He made his fortune from the sale of his US phone company, Corporate Communications Network, to WorldCom for $14 billion in the 1980s. However, it has become increasingly clear that the Government should have opted for some sort of State ownership model as a matter of social necessity, rather than leaving it to the private sector to weigh up whether its players can make the project commercially viable with a State subsidy. The sale of Actavo by IBRC to O’Brien is also part of a separate investigation. Read Full Article. Actavo, formerly named Sitserv, was bought in 2012 by majority shareholder Denis O'Brien and his long-time business associate Leslie Buckley in a €45.5m rescue deal. Actavo, formerly known as Siteserv and owned by Denis O’Brien, has opened a new 8-acre flagship depot on Killeen Road in Dublin 12. 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Moving to a right-sized home: What are your options? Would this chopping and changing be tolerated if there was a viable alternative? Minister for Communications Denis Naughten told the Dáil on Tuesday afternoon that his department received the final tender from the last remaining bidder in the process earlier in the day. He was listed among the World's Top 200 Billionaires in 2015 and is also Ireland's richest native-born citizen. “It raises serious questions whether the consortium has the ability and expertise to deliver on the National Broadband Plan [NBP]. Worldcom later went bankrupt. But the suspicion is the latter are not actually consortium members with skin in the game but merely suppliers included to make up for the high-profile exits for SSE and John Laing. Denis O’Brien’s Actavo, formerly known as Siteserv, has joined a consortium bidding for the national broadband plan (NBP) as the process reaches the final hurdle. Actavo fully supports the measures and the work of the World Health Organisation and of Governments and health authorities, across each of our markets, with the controls introduced to seek to flatten the curve and minimise the spread of Covid-19. “Granahan McCourt’s team has world-leading experience in designing, building and deploying large-scale telecoms infrastructure to the value of over $30 billion,” he said. The latter two partners are specialist telecommunications providers.
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