According to local press reports, the management of beleaguered Irish telco Eircom is holding meetings this week with the Communications Workers Union and main shareholders Singapore Technologies Telemedia (STT) and the Eircom Share Ownership Trust (ESOT) over a proposed EUR300 million (USD410 million) rescue package. The company currently has debts of EUR3.8 billion and has previously indicated it may breach some of its lending covenants unless it gains new investment and undergoes restructuring.
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