Skip to main content

National Transcommunication Limited

Volume 205: debated on Tuesday 10 March 1992

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Secretary of State for the Home Department what was the total paid in consultancy fees by his Department during the sale of National Transcommunication Ltd., previously the research and engineering wing of the Independent Broadcasting Authority.

Total costs for the sale, completed on 24 October 1991, were £2.2 million. The initial proceeds were £70 million and the Government will receive further proceeds under certain conditions, if the company is floated successfully.