Shareholders in eircom have voted overwhelmingly in favour of a takeover by Australian investment company Babcock and Brown at a shareholder meeting in Dublin.

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.

The ISEQ index of Irish shares made up for some of yesterday's losses, rising 149.34 points to 7510.71, by the end of day's trading.

The Green Party has criticised the planned takeover of eircom by Australian investment firm Babcock and Brown, claiming it will lead to higher telephone bills for customers.

Australian finance house Babcock and Brown has joined forces with the eircom Employee Share Ownership Trust (ESOT) to make a long-anticipated €2.4bn offer for eircom.

An Australian company is set to build the new €100m supercourt in Dublin, it emerged today.

Shares in Eircom rose 1c to 2.17 following the announcement that it has opened its books to bidders Babcock and Brown and the Employee Share Ownership Trust (ESOT), the telecoms company announced today.

Eircom has opened its books to bidders Babcock and Brown and the Employee Share Ownership Trust (ESOT), the telecoms company announced today.

The Australian investment group Babcock and Brown is making a takeover bid for eircom in conjunction with ESOT - eircom's employee shareownership trust.

The Communications Workers Union (CWU) is seeking clarification about the possible buy-out of Eircom.

Trade unions representing eircom workers have raised concerns about a possible takeover by Australian investment group Babcock and Brown.