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

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.

Babcock & Brown Capital Limited today confirmed that BCM, in conjunction with the Employee Share Ownership Trust (ESOT), has lodged a joint proposal with the Board of eircom plc. The proposal may or may not result in a joint offer for eircom.