STT close to agreeing Eircom sale deal - report

Monday 17 August 2009 | 15:09 CET | News
Irish phone company Eircom will be sold to Singapore Technologies Telemedia (STT) by 21 August, reports the Irish Independent citing unnamed sources close to the negotiations. STT has recently submitted a revised offer worth around EUR 130 million for Eircom Holdings, previously Babcock & Brown Capital. Sources indicate that the deal is close to being agreed, with several issues still to be resolved including the management fee STT will pay to run Eircom. It is believed the the deal includes a clause for Eircom to return to the stock market as early as 2011.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Eircom
Countries: Ireland
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.