Eircom ‘open-minded’ on strategic options for future

Eircom hasn’t ruled out the possibility of being acquired in a trade sale, saying it remains open-minded regarding its future strategic options.

The former State-owned telecommunications group — which has seen its ownership change seven times since the 1980s — yesterday announced the appointment of Goldman Sachs and Morgan Stanley to “explore” strategic options for the company, “including a potential international offering and listing”.

Earlier this month, Eircom said that it was looking at a number of options to strengthen its financial position. Yesterday’s appointments follow on from the earlier coming on board of investment bank, Rothschild as independent financial advisor.