Call us dim, but we have yet to fully grasp the rationale behind Swisscom's interest in Eircom and its mobile subsidiary, Meteor.
We understand that Eircom enjoys a monopoly in fixed line services and can now offer competitive fixed and mobile offerings once its acquisition of Meteor is complete. But still, we see huge pressure on voice telephony revenues coming down the tracks from companies offering free and bargain basement voice services.
We refer of...
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