Eircom - Ireland's incumbent telco - could be about to be snapped up after confirming it has received an approach from a potential bidder.

At this stage it's not known who is sniffing around Eircom but Swisscom and Deutsche Telekom have been named in press reports as potential suitors.

There's a heck of a lot going on in the telecoms sector at the moment. Satellite broadcaster Sky is buying into broadband with the £211m acquisition of local loop unbudnling outfit Easynet.

Yesterday Deutsche Telekom announced plans to axe 32,000 jobs and on Monday, O2 agreed to be bought by Telefonica for £18bn as the Spanish telco looks to expand its operations into UK and Germany. ®

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