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Velentia / IBEC (ENN)

31-10-2001 10:24am

#1

dahamsta

Banned (with Prison Access) Posts: 16,659 ✭✭✭✭

Join Date: October 2000

Posts: 15270

http://www.enn.ie/news.html?code=4380146

The Irish Examiner reports that the Valentia consortium will learn by the end of this week if its offer will be sent to the Competition Authority. Mary Harney has been studying the Valentia offer for some weeks and has just a couple of days left to decide if it should be examined by the Competition Authority. Harney is studying whether there is any conflict between Tony O'Reilly's position as chairman of Valentia and his controlling interest in Independent News & Media, which would damage competition in the telecoms sector. If she feels there may be a conflict, the deal would be scrutinised by the Competition Authority and could delay the payment of cheques to shareholders.

The [Irish Times] reports that a survey by IBEC's Telecommunications User Group (TUG) found that almost a third of Irish businesses believed there was inadequate fixed-line and broadband telecoms infrastructure in the State. ... The survey also highlighted that there was strong demand for fixed-line broadband services which could offer customers a range of high-speed Internet services.

adam

1