Comment: Eircom's costly mistake in not buying Meteor sooner

Non-mobile Eircom Eircom's decision not to press ahead and buy Meteor before last year's return to the stock market has been a costly mistake.

Over two years ago, Eircom strategists had completed the cost modelling on an acquisition, but the final approval was not forthcoming.The cost now of getting back into mobile will be hugely more expensive,with some analysts estimating that Meteor could fetch asmuch as €370 million as the auction gets under ...