Eircom finalises plans for fifth change of ownership in 10 years

EIRCOM has finalised plans for its fifth change of ownership in 10 years as state-owned telecoms group, Singapore Technologies Telemedia (STT) prepares to make its first acquisition outside of Asia.

Eircom finalises plans for fifth change of ownership in 10 years
Tue, 15 Sep, 2009 - 01:00
Niamh Hennessy

Eircom’s parent firm Babcock and Brown said it had recommended to shareholders the offer made by STT in June.

The deal values Eircom at €3.94 billion but its buyers will be taking on its €3.87bn in debt.

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CourtsPlace: AsiaPlace: IrelandPlace: SingaporePerson: Simon CoveneyPerson: ChairmanPerson: Claire CunninghamOrganisation: EircomOrganisation: Singapore Technologies TelemediaOrganisation: STTOrganisation: Babcock and BrownOrganisation: ESOTOrganisation: Temasek HoldingsOrganisation: Fine GaelOrganisation: Chambers Ireland
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