e-mobile TV!!!!!!

t c

Just a note of interest.

I have my mobile with e-mobile, who is owned by Eircom, who have appointed an examiner. I got a letter from them to-day explain all this and also that they are still re-investing, and one of the things they hope to roll out is a new TV service.

They don't say what type of service, but I would imagine it might be along the lines of Real Digital?????

I suppose it can do no harm as the more competition the better for the customer. Though I reckon I will still stay with my Saorview, Freesat and Free to Air.

Cesium Clock

http://www.irishtimes.com/newspaper/finance/2011/0729/1224301561129.html

watty

More like a poor version of BT vision or a really poor version of Magent.

You get this kind of pointless recycled press release when a company needs fresh cash.

They can only deliver TV on DSL less than 800m connection to exchange or on the absolutely tiny number of Fibre customers. UPC can sleep easy.

It's no competition really to anyone until they have a line up equivalent to Sky or UPC and about 250K homes passed with fibre.

It will never compete with Freesat + Saorview.

Nothing like what Real Digital are trying to do. BT Vision(UK only) / Magnet are the most similar.

Sam Russell

Cesium Clock wrote: »

http://www.irishtimes.com/newspaper/finance/2011/0729/1224301561129.html

I think Eircom owe a bit more than €4 million.

watty

Close to 4 Billion
And none of it due to investment. 100% asset stripping.

The sale of Eircell was more than original debts at Privatisation (asset stripping).

The revenue was very high due to highest line rental on the Planet which has caused number of premises with a landline to fall from 82% to less than 65%

Shame on Governements, Comreg and Financial Regulators. There are people that should be in jail for corruption and theft.

The unions are a guilty party too, ESOT/ESOP is/was a parasite.


The TV & Fibre announcement is made periodically and the "Investment" is small change.

Sam Russell

Surely now is the time for the Government to demand a normalizing of the line rental to average EU levels. Since the company is now in Administration, there is no one to lobby against such a move.

Esot appear to have protected their slice of the action. Pity the customers.

watty

The "Government" via their proxy "Comreg" approved the line rental. They will not interfere.

The "Administrator" is in charge of Line Rental and will not reduce it as they would see immediate loss of revenue and it would take a combo Line Rental + naked BB of €14.99 with free line install to gain a real market share back from UPC and Mobile. That would be a brave move, though in the long term if done properly could propel lines up to 90% instead of under 66%.

channelsurfer2

watty wrote: »

The "Government" via their proxy "Comreg" approved the line rental. They will not interfere.

The "Administrator" is in charge of Line Rental and will not reduce it as they would see immediate loss of revenue and it would take a combo Line Rental + naked BB of €14.99 with free line install to gain a real market share back from UPC and Mobile. That would be a brave move, though in the long term if done properly could propel lines up to 90% instead of under 66%.

the trouble is watty if they did offer a 14.99 package they would simply be undercut by the resellers such as vodafone who do nothing but cherrypick the eircom customers because they can get a lower wholesale price from eircom due to comreg.

Sam Russell

watty wrote: »

The "Government" via their proxy "Comreg" approved the line rental. They will not interfere.

The "Administrator" is in charge of Line Rental and will not reduce it as they would see immediate loss of revenue and it would take a combo Line Rental + naked BB of €14.99 with free line install to gain a real market share back from UPC and Mobile. That would be a brave move, though in the long term if done properly could propel lines up to 90% instead of under 66%.

The Administrator will do a deal with the bondholders, who will become the shareholders. The line rental is an issue for the Government as it would be a way of 'burning the bondholders'

BT are offering BB and line rental in the UK for something like Eircoms basic line rental. £10.75 line rental plus £13 BB (10 mb) with free anytime calls for a year, and four months free. [Offers vary]. The same from Eircom is double that.

The Cush

This from an Irish Times article today

Under the proposed restructuring, senior bondholders will bear losses of €720 million as part of a reduction of the company’s overall debts from €4.1 billion to €2.34 billion.

“First lien” lenders holding senior debt will be repaid 85 cent in the euro on the €2.7 billion they are owed, while the “second lien” lenders subordinated to them will receive only 10 cent in the euro on the €350 million owed.

Subordinated lenders will get nothing and will see their loans of €1.05 billion wiped out. The most recent owners – the ones left holding the parcel, Singapore-based STT and the employee Esot – will also be left with nothing. The blow to the Esot will softened by the €750 million in tax-free cash paid to members over the years as the parcel was passed around.

http://www.irishtimes.com/newspaper/finance/2012/0404/1224314348267.html