Another Government Investment Goes Belly Up!
~ By Kumaran Pillai ~ Ireland's former state telecom operator eircom applied for court protection to allow it to restructure its 3.75 billion euro (US$5 billion) debt mountain. A move eircoms officials said was "necessary and unavoidable" (here). The proposal allows the lenders to take control from the major shareholder Singapore Technologies Telemedia (STT), a … Read more