Eircom eyes IPO after steady gains

Eircom is on track to issue an IPO of its shares in the next two years after figures showed that the company’s fixed-line revenues had stabilised while sales from its mobile operations had increased.

The claim was made by analysts commenting on the latest set of figures from the company.

Eircom exited examinership almost three years ago, but its huge debt load and the need to compete against rivals after years of underinvesting meant that its prospects looked grim.