The final step in the sale of the Australian-based eircom Holdings Ltd (ERC’s) shareholding in eircom was concluded today with Singapore Technologies Telemedia’s (ST Telemedia) acquisition of a controlling interest in the company in a €140m cash and shares deal.

Eircom's group revenue for the first quarter ended September 30, 2009, suffered a 9% decline to €468m, it was announced today.