Smart creditors to get first payments

Smart Telecom’s outstanding creditors will receive their first payments this week, under the terms of an agreement that will see them paid in full over the next 12 months.

27th January, 2007

Smart Telecom’s outstanding creditors will receive their first payments this week, under the terms of an agreement that will see them paid in full over the next 12 months.

The troubled telecoms firm, whose business is due to be taken over by a group controlled by major shareholder Brendan Murtagh in the coming weeks, is estimated to owe around €10 million to suppliers.

Creditors recently hammered out a deal with insolvency expert Hugh Cooney...

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