Australia’s Babcock & Brown Capital is reportedly poised to appoint UBS to sell its stake in Irish incumbent eircom, writes the Sunday Times without revealing the source of its information. BCM, the investment fund that holds a majority stake in eircom and is partly owned by Babcock in Australia, recently agreed to buy itself out of the parent (i.e. Babcock & Brown Capital) and look to sell off eircom, which could raise up to EUR2 billion (USD2.5 billion), despite the difficult financial climate.
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