Eircom decision on IPO ‘not yet finalised’

Eircom is unlikely to formally update on progress being made on its future ownership review when it publishes its latest set of annual results on Friday.

Despite the smart money being on an IPO later this year, the company has consistently said its strategic options review remains ongoing and no decision has been made as to its long-term ownership structure.

A spokesperson for the group said yesterday that “the review is not concluded and no option has been decided upon”.