Aviva’s property funds are collecting as little as 60 per cent of rents from commercial tenants hit by the economic fallout from the Covid crisis shutdown, writes Joe Brennan
It’s hardly in the public interest for the State to support landlord incomes by providing subsidies to enable companies to meet their rent payments, John FitzGerald argues in his column. Landlords, he says, should shoulder their share of the pain
Elsewhere, the company charged with delivering the National Broadband Plan has opted out of becoming an all-Ireland provider after failing to meet a deadline for submitting a tender for Northern Ireland’s equivalent plan, reports Eoin Burke-Kennedy. It is understood that Granahan McCourt felt business interruption by coronavirus did not give it sufficient time to prepare a bid.
Sticking with telecoms, Denis O’Brien’s Digicel appears to have got its landmark debt restructuring away, but the company had to back down in its
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