Singapore group resign from eircom board

Representatives of Singapore’s ST Telemedia have resigned from eircom’s board after its proposal to restructure the telecoms firm’s €3.75bn debt was rejected by senior lenders, according to Cork's Evening Echo newspaper.

Singapore group resign from eircom board

Representatives of Singapore’s ST Telemedia have resigned from eircom’s board after its proposal to restructure the telecoms firm’s €3.75bn debt was rejected by senior lenders, according to Cork's Evening Echo newspaper.

A statement from eircom said the majority of first lien lenders had rejected STT’s plans.

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