Tuesday, January 31, 2012

eircom Seeks Investors or Buyer

The board of directors of eircom has retained Morgan Stanley & Co International to seek a buyer or new investors in the company, Discussions are also underway with bondholders regarding options for the balance sheet remediation process.http://pressroom.eircom.net/

  • In December 2011, a proposal from Singapore's ST Telemedia (STT) for investment in eircom was rejected by a majority of the First Lien lenders in eircom.