A company that promised to raise more than €250 million for schools through a cut-price telephone service has ceased operations after handing over just €100.
The School Telephone Company (STC), based in Dun Laoghaire, Co Dublin, proposed to raise money by providing cut-price phone calls and paying commission to schools on calls made.
The company, trading under the name of Bumblebee Communications, and which also operated Ryanair telecom, offered to pay schools 3 cent for...
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