Eir chief rules out early flotation
Company pledges to improve customer service as it releases first-quarter results
The chief executive of telecoms firm Eir has ruled out a stock market flotation of the company in the short-term. Richard Moat told Bloomberg that a flotation was “at least two years away”.
Last month, it emerged that US private equity firm Anchorage Capital was poised to increase its stake in the firm’s parent company from the current 36 per cent level, giving it close to a controlling stake.
Moathad previously told the Sunday Business Post that Anchorage has a “long-term investment horizon”.
