Eircom has exited from examinership and the former national telecommunications company is now owned by a group of 150 banks and funds.

GSO Capital Partners, the global credit platform of the Blackstone Group, has acquired European leveraged loan manager Harbourmaster Capital.

Dublin: Struggling telecoms group Eircom has officially recognised the co-ordinating committee representing first lien lenders, it said yesterday, allowing talks on restructuring its debt pile to start.

The future ownership of Liverpool appears as uncertain as ever after the investment group Blackstone ruled out financially backing the club's current co-owner Tom Hicks.