Airtel ATN hints at merger or takeover

A software company chaired by former Tánaiste Dick Spring lost nearly £240,000 last year.

Airtel ATN, which develops software for the air traffic control industry, says it is looking at various options to improve the company’s finances, including a merger or being taken over.

Turnover at Airtel was down from £425,957 to £368,555 in 2003, according to a statement to the Ofex market in London where its shares are listed.