Eircom: back to do battle
Eircom’s new owner, STT, believes it can grow the business as a long-term investor - despite the company being €4 billion in debt and facing hurdles including a decline in earnings
Irrepressible Eircom is back. It never really went away, but was quietly targeted for takeover last year. Last week, Paul Donovan, its new chief executive, flanked by Terry Clontz, a representative of its new owner STT, outlined some of their thinking at this stage about the future direction of the company.
STT is the sixth owner of Eircom since 1999.Donovan is the fifth chief executive in the same period. Each time there has been a...
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