Eircom seeks alternative restructuring plan

Eircom is appointing independent advisers to help the company find an alternative to a restructuring plan being proposed by its parent company Babcock Brown Capital.

Under the plan, up to 1,200 jobs could go.

A company called Taemas Bridge has made a bid to buy Babcock and Brown.

It plans to sell other assets and restructure Eircom's debt.

However, Eircom has described that move as "damaging".

It said it wants to find a different solution which is in the best interests of all stakeholders in the company.