EIRCOM has received two proposals from its lenders on how to restructure its €3.75 billion debt, but its shareholders, Singapore Technologies Telemedia (STT) and the trade union ESOT, have not submitted a proposal.

REMARKABLY little has been said or written about the financial crisis at one of Ireland’s most important companies: Eircom. The formerly State-owned company owes about €3.8 billion but does not look as if it can repay all of its debts.

Aer Lingus Group plc has announced that the board has appointed the General Secretary of the Irish Congress of Trade Unions, David Begg, as a non-executive director.

CURRENT and former employees of Aer Lingus have landed a €25 million pre-Christmas cash windfall as the former national airline buys out the Employee Share Ownership Trust (ESOT).

Eircom today announced the membership of its board following the acquisition of Australian-based eircom Holdings Limited (ERC) by Singapore Technologies Telemedia (ST Telemedia) and eircom ESOP Trustee Limited (ESOT).

EIRCOM has finalised plans for its fifth change of ownership in 10 years as state-owned telecoms group, Singapore Technologies Telemedia (STT) prepares to make its first acquisition outside of Asia.

Opposition TDs today demanded improved investment in the telecoms sector if a proposed takeover of Eircom goes ahead.

The Australian owners of eircom have agreed a deal with a Singaporean company for a takeover of eircom.

EIRCOM Holdings has rejected a takeover offer it received for the group from Singapore Technologies Telemedia on the grounds that the bid is inadequate.

Aer Lingus management is facing a bitter boardroom row over a controversial €2.8m pay-off for its chief executive if the airline is sold, it was revealed tonight.

RYANAIR chief executive Michael O’Leary has reiterated his belief, in front of the Joint Oireachtas Committee on Transport, that his airline’s €1.40 per share takeover offer was the best way for Aer Lingus to effectively grow as a business in the coming years.

TO lose one chief executive of Aer Lingus may be regarded as a misfortune; to lose both looks like callousness.

Aer Lingus pilots are optimistic that a solution can be found in a row with the airline’s management over job conditions at a new hub in Belfast, they said today.

The Taoiseach and his government ministers should hold their first post-summer Cabinet meeting in Shannon to personally gauge local anger over the decision by Aer Lingus to switch Heathrow flights from the Mid-West hub to Belfast, it was claimed today.

Ryanair, today confirmed that it had acquired a further 4% stake in Aer Lingus, taking its holding in Aer Lingus to over 29.4%.

The Government tonight dismissed calls from a senior Cabinet minister to force Aer Lingus to reverse its controversial cutback plan at Shannon.

The Employee Share Ownership Trust at Aer Lingus is seeking a meeting with the company's chairman over the decision to axe flights from Shannon to Heathrow.

ONE of the biggest shareholders in Aer Lingus is today expected to officially back calls for an extraordinary general meeting (EGM) of the airline’s shareholders over management’s decision to move its Heathrow slots from Shannon to Belfast.

RYANAIR boss Michael O’Leary has forced the Government into a showdown meeting on the future of Shannon’s Heathrow service.

Ryanair has said it will provide three additional flights to London from Shannon if Aer Lingus proceeds with its plan to close the Shannon-Heathrow route.

ONE of the biggest shareholders in Aer Lingus is to hold an extraordinary general meeting amid member fears over the financial savvy of the decision to withdraw from the Shannon-Heathrow route.

A TRUSTEE group with a 5% share in the ESB has become the latest to threaten action if the Government continues with its “ill-considered strategy” to break up the company’s functions.

THE ISEQ lost ground slightly yesterday as profit-taking hit construction stocks. The market was down 4.93 to 8,899.50.

THE ISEQ Index gained a further 14.36 yesterday to 8,904.43.

The Dublin stock exchange saw its index earn a modest rise as moves continued in the Ryanair/Aer Lingus saga.

Employee shareholders at Aer Lingus have rejected Ryanair's takeover bid.

Aer Lingus workers who make up the Employee Share Ownership Trust will conclude their ballot today whether or not they will support Ryanair's takeover bid.

RYANAIR is today expected to announce it will extend the deadline for acceptance of its €2.80 per share offer for Aer Lingus until after November 22, the day the Employee Share Option Trust (ESOT) ballot is due to be completed.

THE Irish Takeover Panel has admonished Ryanair for releasing insufficiently detailed information in its bid for Aer Lingus.

The defiance exhibited yesterday by Aer Lingus would give the impression that all is over in the Ryanair attempt to take over the recently privatised national carrier.

The bitter battle for Aer Lingus intensified today when the airline accused rival Ryanair of making “seriously misleading” comments in its bid to win control.

MORE than 70 Aer Lingus workers last night picketed the Taoiseach’s constituency clinic in Dublin for the second time in a week.

TRADE unions and opposition parties want the proposed takeover of Aer Lingus by Ryanair blocked.

BANKS have launched syndication of the senior facilities backing the buyout of Eircom by BCM.

Meteor have announced the launch of free Meteor-to-Meteor calls for all existing and new business customers.

THE takeover of Eircom by Babcock & Brown is the latest in a series of ownership changes.

EIRCOM’S current and former employees are likely to get windfall payments later this year from the sale of their stake in the company.

The ISEQ index rebounded after its recent slump as investors shopped for bargains and closed up 149.34 points to 7510.71.

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 ISEQ index of Irish shares has bounced back from yesterday's loss of over 200 points, rising 130.97 to 7492.34 by 2.30 pm this afternoon.

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.

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 confirmed to the Australian Stock Exchange yesterday that BCM, in conjunction with the Eircom Employee Share Ownership Trust (ESOT), has lodged a joint proposal with the board of Eircom.