Eircom shares jump on possible bid

Moriarty

http://www.rte.ie/business/2005/1102/eircom.html

Eircom shares jump on possible bid

November 02, 2005 12:57

Shares in telecoms group Eircom rose sharply in Dublin this afternoon after the company said it had received what it called a preliminary approach which might lead to a takeover offer for the company.

The company would not say who was behind the approach.

Eircom said last month that it was not in talks with Swisscom after media reports that the Swiss group had made overtures in about €3 billion bid.

Eircom shares were up 20 cent at €2.29 at lunchtime.

Sponge Bob

Comreg have probably been told to stay quiet while this one unravels , I fear they will oblige

Praetorian

Is it the British? Is it the Swiss? It's obviously going to be good for the shareholders, but will it be good for the Irish customer?

ComReg stay quiet no matter what

damien

Will they be able to wrestle control back from the CWU?

Sponge Bob

Comreg have been told that if they open their mouths before christmas then they will be sued . There will be no new initiatives this year , none at all.

WizZard

Sponge Bob wrote:

Comreg have been told that if they open their mouths before christmas then they will be sued . There will be no new initiatives this year , none at all.

Yet another example of why ComReg = Toothless dog

parasite

rte news are saying it's swisscom

Cork

Swiss Cheese.

Pheoinix Magazine is always a good source of information on Eircom PLC.

paulm17781

Anyone know what Swisscom are like? if swisscom.com is them, there is very little there.

Tom Young

paulm17781 wrote:

Anyone know what Swisscom are like? if swisscom.com is them, there is very little there.

Cash rich.

Take time to move.

Acquisition trail at the moment, some notable purchases of late.

Swisscom rated as Medium Risk.

May not work with CWU/ESOT in fashion predicted.

Share price temporary jump is not an indicator of strength, just speculation.

paulm17781

Tom Young wrote:

Cash rich.

Take time to move.

Acquisition trail at the moment, some notable purchases of late.

Swisscom rated as Medium Risk.

May not work with CWU/ESOT in fashion predicted.

Share price temporary jump is not an indicator of strength, just speculation.

I see! :rolleyes:

What sort of services do they, or companies they own, tend to provide? Are they are Eircom like company or a good company?

biker

http://www.swisscom.com/ghq/content/media/medienmitteilungen/2005/20051109_01_swisscom_eircom.htm

one of the highest broadband penetration rates, a modern and well maintained network are some positive points about swisscom, negative is their opposition to local loop unbundling, however due to strong competition from cable operators this is less of a problem than it is here

Blaster99

biker wrote:

one of the highest broadband penetration rates

Tom Young wrote:

Cash rich.

So... you can roll out broadband and make money? Shocking.

OfflerCrocGod

Blaster99 wrote:

So... you can roll out broadband and make money? Shocking.

If you have a well maintained modern network yes you can. Ireland doesn't actually have that. I doubt there guys will bother changing the situation.

Tom Young

One can make some returns. Point above is correct.