Wednesday April 8, 2020

Eircom: Another spin on the merry-go-round

Anyone who lost money in Eircom’s stock-market flotation in 1999 can only look on as the firm is again taken over, making money for another group of investors and the company’s management.

27th May, 2006

Anyone who lost money in Eircom’s stock-market flotation in 1999 can only look on as the firm is again taken over, making money for another group of investors and the company’s management.

The degree of financial engineering in the telephone company in recent years is remarkable, but there are clear concerns for the future. In particular, what will the high level of debt in the latest buyout mean for phone bills and...

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