Belfast Telegraph, 14 Dec 2011Eircom's owners are so worried about a euro break-up that they want a €200m cash-back guarantee before agreeing to put new money into the business.
Eircom's Singapore-based owner is refusing to finance a rescue of the company until it gets a guarantee from lenders that will enable it to recover cash if Ireland is forced out of the euro before the end of 2013, three sources have revealed. Full story
Related:
Eircom releases pessimistic earnings warning - TeleGeography
Key Eircom shareholder could inject €200m - The Irish Times
