Irish incumbent fixed line operator eircom has agreed to let Babcock & Brown examine its books after the Australian group offered EUR2.36 billion (USD2.92 million) for the company. Earlier this month the operator confirmed it had received an offer from Babcock & Brown and the eircom employee share ownership trust (ESOT), which represents its staff. The Australians approached eircom in February about a possible takeover and have since been snapping up shares in the company, becoming its biggest single shareholder with around 29%. ESOT holds a further 22%.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors