O'Brien joins the race to buy Meteor

Entrepreneur Denis O'Brien has submitted an indicative bid to buy Meteor, the country's third mobile phone operator, in a move that could see him re-enter the mobile telephone market.

O'Brien is believed to have submitted a bid in the last ten days. Analysts say Meteor will fetch between €300 million and €400 million.

O'Brien is being backed by an undisclosed private equity investor and is being advised by Connolly Corporate Finance in Dublin. ...