Eircom ran into a wall with institutional investors as its highly paid advisers Goldman Sachs, Rothschild and JP Morgan quietly sounded them out regarding an IPO. Photograph: Eric Luke

Common sense appears to have prevailed at Eircom, with the scrapping yesterday of its flotation plans. When it first announced back in April th(...)

In recent months, Eircom also ran a parallel process to seek a buyer, but was rebuffed by several private equity houses as the company has yet to return to growth. Earnings have stabilised but its revenues are still falling.

Eircom, which had been mulling a flotation of the business, has announced it will not now be proceeding with a return to the stock markets after it(...)

Eircom took a ¤29m exceptional charge to cover payments under a management-incentive plan introduced last year.

Eircom’s senior management shared €39.1 million in pay, bonuses and benefits last year as the company lines itself up for a possible initial public of(...)

If Eircom was to knock €1 billion off its debts from a flotation, that would free up more cash to pay dividends, especially as its massive investment programme slows in coming years.

Eircom’s filing of a prospectus with the Central Bank isn’t, of course, a cast-iron guarantee that it has settled upon a flotation. But it appears to (...)

Tranquil horizon: Inishturk beyond the hedge. Illustration: Michael Viney

When you’re my age, hedges grow as fast as time is passing: insidiously and far too quickly, with Sunday twice a week. There also comes a point when w(...)

Eircom, which has been controlled by lenders led by Blackstone since exiting examinership, may seek to raise as much as €1 billion in its stock-market flotation. Photograph: Eric Luke

Eircom has filed a prospectus with the Central Bank as it works toward joining the stock market for the third time in 15 years, according to three peo(...)

Communications watchdog ComReg has launched an investigation into telecoms firm Yourtel following a number of complaints from consumers.Yourtel is cur(...)

Think before you dial directory enquiries - it could cost you dearly. Photograph: Frank Miller/The Irish Times

Consumers could be spending up to €5.58 for a one-second directory enquiry call, new research from the Consumers’ Association of Ireland (CAI) shows.I(...)

Eircom’s big message from its results briefing yesterday was that it has demonstrated eight consecutive quarters of earnings stability. Photograph: Aidan Crawley/Bloomberg

Launching a flotation while your revenue is sinking is a pretty hard sell, as Eircom could find out soon enough. The company insists it hasn’t yet dit(...)

Operating costs at Eircom totalled €814 million for the year, up €87 million on the previous 12 months.

Eircom, which yesterday reported a six per cent drop in yearly revenues to €1.28 billion, has denied recent speculation that it held discussions over (...)