Eircom owned by 150 lenders

Eircom has exited from examinership and the former national telecommunications company is now owned by a group of 150 banks and funds.

A new holding company, Eircom Holdings Limited, has been created, with 150 of Eircom’s lenders getting a stake in Eircom Holdings in proportion to their debts.

An international group of funds and banks known as the coordinating committee of senior lenders, or CoCom make up the largest group of lenders.