Eircom sells Phonewatch division

Eircom has sold its home security unit, Eircom Phonewatch, to a Norwegian buyer for a fee believed to be in excess of €100m.

The company said in a statement yesterday that it had accepted an offer for its market-leading home security alarm-monitoring service from Oslo-based company, Sector Alarm Corporation.

According to Eircom group chief executive, Herb Hribar: “After careful consideration, the board concluded that Phonewatch was not a core business unit, as we continue to focus on delivering super-fast next generation technologies to our fixed and mobile customers.”