Feeds

Oz investor swallows €400m slice of Eircom

Crumbs

Beginner's guide to SSL certificates

There's speculation that Eircom could become the focus of a take-over bid after Australian investment outfit Babcock & Brown acquired a 12.5 per cent stake in the Irish incumbent.

Babcock has shelled out around €400m for its slice of the dominant Irish telco which it believes it currently undervalued.

Said Babcock exec Rex Comb: "We are optimistic about the fundamentals of the Irish economy and the benefits that flow to Eircom's business as a result of this underlying strength.

"We see this as a strategic shareholding in a company with robust fundamentals and a positive outlook which is not fully recognised by the market at the present time."

Part of Babcock's optimism follows Eircom's summer acquisition of Ireland's third largest mobile operator Meteor for €420m.

"In contrast to Telstra in Australia, Eircom has an increasingly superior market position and an outlook for top line growth with its re-entry into mobile. Eircom's market position is more like that of Telecom New Zealand," said Comb.

®

Intelligent flash storage arrays

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.