Denis O’Brien speaking on Bloomberg earlier today
Denis O’Brien did an interview with Bloomberg earlier this morning in which he talked about Digicel, the IPO which didn’t happen, Google and Facebook.
Towards the end of his interview, Mr O’Brien spoke about Irish Water.
Presenter: “A final question and this goes away from telecom, Google and Facebook, what are your views on the delays of forming an Irish Government?”
Denis O’Brien: “Well, it has been fraught, it hasn’t worked out as well as it should. I think the Government were wrong to back down on the water, Irish Water. You know they, it was the right thing, all the infrastructure is Victorian for the supply of water in Ireland, people have a lot of, they have free water in many, many cities in Ireland so it… they gave up on that and set up a commission to evaluate what they should do with Irish Water so that’s kicked in the air and down the field whereas it should have actually stayed. And the investment, you know, there’s an investment programme of between €3bn and €4bn that was supposed to go into that – that now is under question.”
Presenter: “So what parties would you like to see in power?”
O’Brien: “Well I really don’t care who’s in power but I think there needs to be stability in Ireland, I would have a concern if there’s a lack of stability that will affect foreign direct investment and, you know, it’s a time in Europe where there’s a lot of unsettling things that are happening. You’ve got Brexit, you’ve got immigration, you’ve got a very polarised Europe…”
Watch the interview in full here
Preview: Denis O’Brien And THAT Siteserv Deal