Eircom Group, Ireland’s largest phone operator, said it may breach the terms of its loans as the country’s austerity measures imposed to combat the collapse of the banking system forces consumers to cut spending.The company, which has to service 3.15 billion euros ($4.2 billion) of debt used to fund its buyout by Temasek Holdings Pte Ltd., is assessing its options, Eircom’s Chief Financial Officer Peter Cross said on a conference call today. Full story
Related:
Eircom reports flat earnings to September - The Irish Times
Eircom chief warns of further cost cuts - Independent.ie
