Feeds

Eircom confirms takeover approach

Babcock & Brown closes in

Top three mobile application threats

Eircom has confirmed that Australian investors Babcock & Brown have made a €2.4bn bid for the Irish incumbent telco.

In a statement the telco "confirms that it has received a joint proposal from Babcock & Brown Capital Limited (B&B) and eircom ESOP Trustee Limited which may or may not lead to an offer being made for eircom".

Babcock owns 28.8 per cent of Eircom, while employees - through eircom ESOP Trustee Limited - own 21.6 per cent in the firm. Together, the pair own just a smidgen over half of Eircom's shares.

Back in February B&B made a preliminary approach for the telco after splashing out megabucks on increasing its shareholding in Eircom.

Five months ago Eircom was being eyed up by European telco Swisscom. But that approach was blocked by the Swiss Government, which owns a majority stake in Swisscom, after it decided that the telco should not press ahead with plans to expand overseas. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.