Wednesday 28 September 2016

McCourt's media businesses move closer to Irish relocation

Published 21/02/2016 | 02:30

David McCourt, Chairman and CEO of Satellite Holdings LLC Photo: Getty
David McCourt, Chairman and CEO of Satellite Holdings LLC Photo: Getty

US telecoms entrepreneur and documentary-maker David McCourt has appointed Irish financial officers to two of his foreign-based companies, paving the way for their move to Ireland.

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McCourt, who grew up in Massachusetts and New York and has a home in Clare, hopes to move digital media start-up ALTV and satellite-terminal manufacturer Skyware Technologies to this country.

A review of the move is currently underway and an announcement expected before the summer.

Paul Phillips, former head of finance at Dublin online media business Youth Nation, has been appointed as chief financial officer of ALTV. The company will target developing markets.

Margaret Chadwick has been appointed to Skyware Technologies.

McCourt already has a sizeable presence in Ireland. In 2013, his investment firm Granahan McCourt bought a stake in Enet, the wholesale broadband provider.

Enet is one of the companies bidding to connect rural parts of Ireland with subsidised broadband under the National Broadband Plan. It is going head-to-head with Eir and Vodafone/ESB joint venture SIRO; the first deadline for bids it at the end of this month.

McCourt's long-time business partner Walter Scott is also involved in Enet.

Scott sits on the board of Warren Buffett's famed investment company Berkshire Hathaway and runs one of the world's largest energy companies, Berkshire Hathaway Energy.

Granahan McCourt also has a majority stake in Airspeed Telecom, the high-speed wireless internet provider.

Sunday Indo Business

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