FORMER Smart Telecom chief executive Oisin Fanning has claimed at the High Court that businessman Brendan Murtagh threatened in October 2006 to put the company into liquidation unless all the directors not loyal to Mr Murtagh resigned and signed irrevocable proxies supporting his takeover of the company.

SMART TELECOM has acquired the T50 broadband network around Dublin in a deal that could be worth €11.5 million.