Eircom plans transfer to Jersey entity

Eircom has announced plans to transfer the assets and liabilities of its main operating company to a new entity incorporated in Jersey.

The move — which would see the newly-incorporated enterprise remain tax resident in Ireland — would give the company further flexibility to pay dividends to shareholders, as the group continues to weigh up its options as part of a previously announced potential restructuring.

The group is considering options including a return to the stock market as part of a strategic review that is ongoing.