Eircom awaits legal ruling on protection

Debt-burdened telecom giant Eircom will know today if it can have High Court protection to allow it trade out of its difficulties.

Eircom and two related companies, Meteor and International Telecoms Investments (ITI) Ltd, have debts of €3.6bn and are insolvent, the court heard.

Mr Justice Peter Kelly said he would give a decision today on an application by the Eircom companies to seek the appointment of an interim examiner so that it can undergo restructuring.