Irish telco eircom has been valued at up to EUR1.26 billion after setting a price range of between EUR1.48 and EUR1.75 per share for its initial public offering (IPO) due to take place on 19 March. The operator has put forward an aggressive dividend policy of EUR0.11 a share for the year ending March 2005 in a bid to attract investors who might otherwise be put off entering the increasingly competitive Irish market. Final pricing is expected to take place on March 18.
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