STT withdraws Eircom debt proposal, board members resign

Eircom's largest shareholder, Singapore-based telecoms company ST Telemedia (STT), has withdrawn its proposal to restructure the firm's €3.75bn debt, it was announced today.

STT withdraws Eircom debt proposal, board members resign
Fri, 23 Dec, 2011 - 10:21

Eircom's largest shareholder, Singapore-based telecoms company ST Telemedia (STT), has withdrawn its proposal to restructure the firm's €3.75bn debt, it was announced today.

The move follows the rejection yesterday of the proposed restructuring plan by Eircom senior lenders.

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