Troubled Irish former monopoly Eircom is planning a EUR1 billion (USD1.59 billion) network investment to better compete in its home market, the Sunday Times reports. In a five-year business plan tabled for its principal lenders, the telco – which is trying to restructure its massive EUR3.75 billion of debt – said the funding programme could be funded from its own cash resources if lenders agree to write down some of their debt.
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OVETEL Eircom plans EUR1bn investment to improve its competitiveness, paper says
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