Monday, March 26, 2012

eircom to Enter Court Restructuring

The Eircom Group submitted an application to the High Court in Dublin to be placed in Irish examinership with the objective of placing the company’s balance sheet on a stable financial footing for the medium to long term, with reduced debt.

Eircom said operations would continue as usual during the restructuring. All existing voice, broadband and data services provided to our residential, business, Government and corporate customers will continue. The company intends to maintain its existing relationships with all suppliers and honour all outstanding work and payment agreements.

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