Eircom announces EGM date

An eircom extraordinary general meeting (EGM) is planned for July 26 to approve the sale of the company to Australian investment house Babcock and Brown for €2.4bn.

Eircom is also to apply to the Dublin and London stock exchanges for the suspension of its ordinary shares with effect from 4.30pm on August 17.

The scheme document outlining the deal was posted to eircom shareholders yesterday.