The Irish Times, 30 Jul 2011EIRCOM’S MANAGEMENT has predicted that the company’s earnings could fall by up to 20 per cent over the next two years due to competitive pressures, customer losses and lower average mobile spend by subscribers.
This emerged yesterday as the company began talks with a committee representing first lien senior lenders.
Sources familiar with the plan told The Irish Times that it includes a forecast that Eircom’s Ebitda (earnings before interest, tax, depreciation and amortisation) will decline to about €550 million in the 12 months to the end of June 2012 and to about €510 million in the following year. Full story
