US fund bidding to take control of Eir

Telecoms firm set for yet another change of ownership

27th October, 2016
US firm seeks full control of Eir. Pic: RollingNews

Telecoms company Eir, the former Eircom, could be in line for yet another change of ownership with news that US private equity firm Anchorage Capital is bidding to take a controlling stake in the company.

A notification on the website of the Competition and Consumer Protection Commission said Anchorage had notified it yesterday of the proposed purchase of Eir’s parent company Eircom Holdco.

In July, Eir said that Singapore’s sovereign wealth fund GIC...

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