Sunday 22 April 2018

Eircom's sad and shocking day

Yesterday's appointment of an interim examiner to Eircom marks a sad day for the company, which was privatised amid such fanfare almost 13 years ago.

While, with over €4bn of debt, the appointment of an examiner was inevitable, it still comes as something of a shock to see what is still a major Irish company reduced to such circumstances.

The good news is that Eircom's debts are the result of five changes of ownership in the space of just a decade rather than its trading performance.

Please sign in or register with for free access to Opinions.

Sign In

Today's news headlines, directly to your inbox every morning.

Don't Miss