Clock ticking on Eircom’s mobile move

EIRCOM’S re-entry to the mobile phone market is only a matter of time and the company should buy Meteor when it comes on the market, according to Davy Stockbrokers.

The broker said Eircom, which releases full-year results on Friday, should use the occasion to update the markets on its mobile strategy but said a deal to buy the third-biggest mobile operator would be welcome.

Meteor is expected to be sold in the coming months after its American parent, the Washington-based Western Wireless, recently changed hands.