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Babcock won't split eircom after union said no

  • 21-05-2006 9:00am
    #1
    damien
    Registered Users, Registered Users 2 Posts: 4,290 ✭✭✭


    http://www.timesonline.co.uk/article/0,,2095-2189594,00.html
    BABCOCK & BROWN has bent to trade union pressure and decided not to split up Eircom if its €2.36 billion bid for the group is successful. The Australian merchant bank had originally mooted the idea of separating the telco into two parts — a retail business, which it could sell off, and a networks unit selling services to other telecom providers.

    “Eircom will continue to be run as a fully integrated company following the acquisition,” said a source close to the process. “Any plans to split up the group have been put on the long finger.”


Comments

  • #2
    zuma
    Closed Accounts Posts: 1,685 ✭✭✭zuma


    Is this good/bad......honestly?


  • #3
    eircomtribunal
    Closed Accounts Posts: 1,144 ✭✭✭eircomtribunal


    And the Phil Nolan replacement as CEO will be Pierre 00danon.gif
    Welcome to Ireland.
    P.


  • #4
    Mr_Man
    Registered Users, Registered Users 2 Posts: 638 ✭✭✭Mr_Man


    On balance it is probably a good thing. If B&B had been going to split the company then it would have been used as an excuse to drag out the resistance to LLU. Now with things staying as they are Dempsey will have no excuse to delay giving Comreg the powers it needs to force the issue.

    Of course with Comreg we still have the question as to whether they have the b**ls to take the necessary steps, and the intellectual ability to do it in a way that does not cost the taxpayer another few million in legal fees.. I know where my money would be going if I were a betting man.............


    M.


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