Eircom in advanced talks to buy Meteor

Eircom is in advanced talks to buy mobile phone operator Meteor for up to $400 million (€308 million), a price at the lower end of expectations.

The talks between Eircom and Western Wireless, Meteor's parent company in Seattle, are believed to have reached a crunch stage with a significant gap in valuations existing between the two sides.

A spokesman for Eircom said the company had no comment to make.

Acquiring Meteor, which has ...