Irish incumbent telco Eircom has insisted it has yet to make a decision on its strategic review after a report claimed it was eyeing an IPO as early as September.
The company aims to raise around €1bn (US$1.4bn) from the stock market in a move that…
Irish incumbent telco Eircom has insisted it has yet to make a decision on its strategic review after a report claimed it was eyeing an IPO as early as September.
The company aims to raise around €1bn (US$1.4bn) from the stock market in a move that would value it at more than €3bn (US$4.1bn), reported The Sunday Times yesterday.
However an Eircom spokesman said its board has not made a decision to go ahead with what would be the third time it has listed in 15 years.
The telco hired Rothschild in April to review its options and speculation initially pointed to a listing this side of summer.
An IPO this year would come just two years after the group was taken over by its bondholders, which snapped it up from an administration process called examinership. The takeover saw US-based private equity firm Blackstone become Eircom’s largest shareholder.
