Examinership likely for Eircom if board accepts senior creditors' plan

Eircom is likely to go into examinership in the new year if its board accepts the proposal put forward by its senior creditors for them to take ownership of the company, The Sunday Business Post h

4th December, 2011

Eircom is likely to go into examinership in the new year if its board accepts the proposal put forward by its senior creditors for them to take ownership of the company, *The Sunday Business Post* has learned.

The company's shareholders, Singapore Technologies Telemedia (STT), and employee trust (Esot) failed to submit a proposal to invest in the company by the time the deadline for the deal passed last Friday, leaving the way clear for the...

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