Labour urges Government to buy back eircom

The Labour Party has today called on the Government to buy back eircom in order to ensure Ireland's telecommunication system is up to international standards.

Party leader Eamon Gilmore says the privatisation of eircom several years ago has been a disaster for consumers and for the State.

The telecommunications company is currently up for sale amid fears that a private-sector buy-out could result in significant job losses.

Mr Gilmore says a state buy-out would allow for the development of the telecommunications network, which would in turn make Ireland more economically competitive.

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