Eircom expected to enter examinership

Eircom expected to enter examinership

Eircom is expected to go to the High Court today to enter examinership.

The company is proposing to cut its €4bn debt in half, in what will be the biggest examinership in the history of the State.

Eircom outlined its plans at a meeting yesterday and if approved many of its smaller creditors could be wiped out while others will suffer significant losses.

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