BT Ireland says its plan to invest EUR100 million in its networks and services is under threat as a result of delays in unbundling the country’s phone networks. BT Ireland CEO Danny McLaughlin said that in April 2005 his company announced plans to invest the money over a three-year period, but as yet had invested barely a tenth of that amount. Mr McLaughlin told the Irish Sunday Tribune newspaper that BT Ireland had held back investment in its own network ‘because of delays in gaining access to the telecoms infrastructure controlled by eircom.’ As a result he fears he will fail to spend his capital budget by the end of the year and could be forced to re-apply for the money from its owners.
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