Eircom weighs up IPO move

Eircom has said that no decision has been taken regarding its future ownership, despite reports suggesting it is planning to raise €1bn via a stock market flotation in September.

A spokesperson for the company said yesterday that the strategic options review which began in April, with Goldman Sachs and Morgan Stanley acting as joint advisers, remains ongoing; but did concede that an IPO is “definitely” being considered.

However, the company is understood to be still open-minded regarding other options aimed at bolstering its financial strength, as well, including a trade sale or attracting additional investment.