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.

Babcock & Brown Capital Limited today confirmed that BCM, in conjunction with the Employee Share Ownership Trust (ESOT), has lodged a joint proposal with the Board of eircom plc. The proposal may or may not result in a joint offer for eircom.