Eircom denies 'examinership' report

Eircom has denied a report that it is planning to go into examinership after the news service Capital Structure wrote that Eircom was "assessing the pros and cons of an examinership".

It is understood that eircom has debts of €3.75bn.

Newstalk business editor Ian Guider said that despite the company's denial of an examinership, eircom is struggling to meet its debts.

"They are going to breach their banking covenants and that is a serious issue," he said.

"This is one of the best companies in Ireland and has been in business for 80 years or so. It would be really sad if they went the examinership route."