The Spanish investment firm that acquired an 80 per cent shareholding in National Broadband Ireland (NBI) last year also became the largest shareholder in a separate but related commercial company called X3T Broadband, new documents show. A fund managed by Madrid-based Asterion Industrial Partners became the majority investor in the NBI group of companies, contracted to deliver the state-subsidised National Broadband Plan to connect every rural home and business in Ireland, after it bought out initial US backers Oak Hill Advisors (OHA) and Twin Point Capital. Asterion also acquired the stakes of NBI’s early minority investors Bruno Ducharme of Canada…

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