Companies
Analysis: Over 5 years, Eir pays €2bn to shareholders as debt balloons to €3.2bn
The Irish telecoms group has paid very large dividends to its shareholders over the last five years while net debt has surged at the same time
The main shareholders in Eir, the telecoms giant, have reaped almost €2 billion in dividends from the company over the last five years as the level of debt on the company’s balance sheet has surged.
New figures included in Eir’s annual report for 2023 show the telecoms and broadband company paid out €237 million in cash dividends to shareholders last year, after the group reported a near 30 per cent increase in operating profits to ...
