The single largest shareholder in Irish former telecoms monopoly Eircom, Singapore Technologies Telemedia (STT), has confirmed that it has submitted a restructuring plan to the operator’s independent directors. Eircom has published a statement saying it will consider the STT proposal, alongside two others received earlier this month. The plans on the table are aimed at restructuring the struggling telco’s EUR3.75 billion (USD4.98 billion) of debt
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OVETEL Eircom to consider up to three restructuring proposals
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