The High Court has heard today that 1,000 voluntary redundancies will be required to save eircom, and its mobile subsidiary Meteor.

Eircom is expected to go into examinership in the coming days, with its debt-holders ultimately likely to take ownership of the firm in the longer-term.

eircom boss Paul Donovan is to step down at the end of 2012 for personal reasons, he announced today.

Sycerika McMahon has qualified for the women's 100m freestyle at May's European Swimming Championships in Debrecen, Hungary.

Two Irish records have been broken in the morning heats on day three of the Irish Swimming Championships and Olympic Trials at the National Aquatics Centre.

One of Irish swimming’s oldest records fell on day three of the Irish Long Course Swimming Championships and Olympic Trials, as 20-year-old Bethany Carson slipped under Michelle Smith’s 100m butterfly mark from 1996.

CATHAL Magee is a man with rather a lot on his mind.

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.

A “new Eircom” is about to emerge, according to the company’s chief executive who said he is “very confident” the firm will put this period of financial instability behind it and get on a solid footing.

ERC Ireland Holdings, parent of Eircom, said lenders agreed to overlook debt terms, averting a €3.8 billion default and paving the way for a debt restructuring.

Eircom has today announced the locations for Phase 1 of its fibre rollout plan which is set to offer customers broadband speeds of "40 Mbps and beyond".

A €100m investment for the roll-out of superfast broadband has been announced by eircom.

STRUGGLING consumers are cancelling Eircom subscriptions in a bid to cut costs and are becoming increasingly cautious.

The Communications Workers’ Union is recommending its members accept the terms of Eircom's costsaving plan.

EIRCOM has said further job losses at the company will be an “inevitable” consequence of meeting its €92 million cost-cutting target by 2013.

The CEO of Eircom has warned of job losses at the company, as it introduces a €90m cost-saving plan.

Eircom has today announced that Chris Hutchings has been appointed managing director wholesale, effective from February 1, 2011.

EIRCOM said it sees no signs of growth or increased spending by customers in the medium term.

EIRCOM is to create 50 jobs with the launch of its new mobile phone service, eMobile, which offers customers major savings over other mobile providers.

EIRCOM is to make more job cuts, over the next three years, in light of management identifying the need for further cost reductions.

Eircom has announced an 8.5% drop in its revenues for the year to the end of June, to €1.8bn, and its boss Paul Donovan admitted that "net debt remains very high".

THE FAI will unveil a new sponsorship deal with 3 mobile today in the wake of the news that eircom have ended their 11-year long association with Irish football.

eircom has announced its decision to end its sponsorship of the Irish soccer team from today.

INFORMED sources at Eircom say staff accept the need for significant redundancies at the company – but say the rumoured 2,000 job losses are likely to be spread over at least five years.

SOME 10,000 broadband users in Wexford town and Sandyford, Co Dublin, are to experience Ireland’s fastest internet speeds during Eircom’s €20m open access ultra fast broadband optic fibre trials.

EIRCOM has warned that it will have to make further cost reductions to cope with competitive and economic pressures, following a tough quarter which saw a further deterioration in profits and revenue.

Eircom is pushing to implement just over 300 redundancies ahead of its previously announced target of March 2011.

Eircom today announced the appointment of Andrew Haire as Director of Corporate Affairs.

INTERNET sensation Crystal Swing will help Eircom launch its new faster broadband service today.

Athletics fanatics in Galway are attempting to follow in the footsteps of Dublin and Cork with a new marathon in the city, it was revealed today.

Eircom has today announced a number of organisational changes which has seen Meteor CEO Larry Smith leave the company.

EIRCOM is not anticipating making any further job cuts – beyond those already announced – despite the company warning that it will need to make more cost reductions following a tough half year which saw profits dip by 3% and revenue fall by 9%.

Eircom has today announced a 9% drop in group revenue in its results for the second quarter and six months ended December 31, 2009.

Eircom today announced details of its latest and fastest consumer broadband product which it says offers download speeds of up to 24Mbps and upload speeds of 768kbps and will be available to more than 550,000 wholesale and retail customers across the country.

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).

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.

The takeover of eircom by Singapore-based STT Communications has been formally approved by the Federal Court of Australia.

THE takeover of Eircom by Singapore-based STT Communications has been formally approved by the Federal Court of Australia.

EIRCOM says the operating environment in Ireland remains “challenging” as revenues plunged 9% to €468 million in the three months to the end of September.

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

IRELAND still faces an uphill challenge if it is to achieve a quality nationwide broadband internet network in the short-to-medium term, an industry conference was told yesterday.

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 refused to give any update, yesterday, on where the likely takeover by Singapore Technologies Telemedia (STT) currently stands, but did say that it remains on track to lower its annual operating costs by €130 million within two years.