Eir is back in news but how bad are my losses?

Q&A: Dominic Coyle

Calculating the financial fallout from the investment in what once was Telecom Éireann is a tricky business. Photograph: Aidan Crawley

Calculating the financial fallout from the investment in what once was Telecom Éireann is a tricky business. Photograph: Aidan Crawley

I know you have dealt with the issue of Eircom shares on several occasions but the recent news about the company possibly being sold yet again reminded me that I need to settle my affairs and to do that I need to quantify my losses on Eircom shares to offset against possible capital gains.

Mr EV, Wexford

Getting to grips with the financial fallout from the investment in what was then Telecom Éireann but has since morphed into Eircom and, now,Eir, is a hardy annual. And the company’s reappearance in the news in relation to yet another potential change of ownership will no doubt remind many that they continue to nurse losses on their ill-fated investment.

Of course, Eir is no longer a listed company and any future change of ownership won’t have any further impact on your position and that of other shareholders but, if you have not already addressed it, there certainly is an outstanding capital loss which you can offset against other capital gains.

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