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eircom in play

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  • 22-06-2009 9:06am
    #1
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭


    http://www.irishtimes.com/newspaper/finance/2009/0622/1224249263779.html

    Lets see if they ask the bondholders to take a bath :)
    Founded in 1994, STT specialises in mobile communications. It is a 75 per cent investor in Asia Mobile Holdings, which has interests in Singapore, Laos and Cambodia. It also owns Global Crossing, the fibre-optic cable firm with operations in Ireland.


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    #2
    Isaac702
    Registered Users Posts: 230 ✭✭Isaac702


    Hopefully STT will continue with their bid for Eircom. ESOT's support has helped them and I would hate to see them pull out when everything appears to be going in their favor.

    Based on their operations in other countries they have the vision to properly develop a next generation network within Ireland. Of course this all depends on the plans they have for the future of Eircom.


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    #3
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    They made the Global Crossing bondholders take a giant bath a few years back . Expect more of same !


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    #4
    JohnC.
    Registered Users Posts: 3,426 ✭✭✭JohnC.


    What do you mean by "take a bath"?


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    #5
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    They will likely force the bondholders to write off some of the bonds thereby reducing the €4bn debt to €2.5bn or some such . They forced Global Crossing Bondholders to write off abbout 80% .


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