\"Denis

Denis O’Brien speaks at the Clinton Global Initiative earlier this year Photo by: Adam Schultz/Clinton Global Initiative

Denis O’Brien’s Digicel could buy out Ireland’s Eircom

\"Denis

Denis O’Brien speaks at the Clinton Global Initiative earlier this year Photo by: Adam Schultz/Clinton Global Initiative

Irish billionaire Denis O’Brien is rumored to have approached Irish based telecommunications operator Eircom, in a takeover bid.

Eircom is now owned by Singapore Technologies Telemedia and confirmed it has received an offer from a third party, but did not confirm it was Digicel. However, the third party was named in the Sunday Times as Digicel. Formerly state owned, Eircom is the largest telecommunications operator in Ireland.
________________
Read More:
Denis O’Brien is optimistic about Haiti and Ireland

Eamon Dunphy fires bitter broadside at Denis O’Brien as he quits Newstalk ‘slum’


Irish-run cell phone company Digicel pledges $5M to Haiti fund

________________
O’Brien established Digicel after he sold the Irish mobile operator Esat to British Telecom in 1999. Digicel has a considerable presence in the Caribbean and central America.

Eircom is in currently trying to restructure it’s crippling $5.18 bilion (€3.7billion) debt.

The Hong Kong based Hutchison Whampoa which owns the 3 mobile network has also been suggested as a potential bidder.

COMMENTS