Eircom will not pursue flotation following review

//Eircom will not pursue flotation following review

Eircom will not pursue flotation following review

Eircom has said it did not intend to proceed with a possible stock market listing at this time, following a strategic review of its options.

The telecoms company had been considering a flotation as one method of raising capital, which would in turn be used to reduce its debt burden.

Eircom has already listed on the ISEQ twice since it was created from the privatisation of Telecom Éireann.

In a statement, the company said it had seen “encouraging signs of positive momentum in the business” over the past year.

It said its focus for the coming months would be “to accelerate this momentum, to continue to improve our financial performance and to realise the benefits of our significant investment programme which will deliver value to all our stakeholders.”

The company said its key shareholders had backed this plan, and its strategic review had now concluded.


RTÉ News – Business Headlines

By | 2014-09-20T15:21:41+00:00 September 20th, 2014|Business|0 Comments