July 25, 2014 11:10 AM ET

Diversified Telecommunication Services

Company Overview of eircom Group plc

Company Overview

eircom Group plc, through its subsidiaries, offers fixed line telecommunications services in Ireland. It provides fixed-line and advanced voice services; 4G mobile services; voice over IP; customer premises equipment sales; public payphones; sale and monitoring of domestic alarm systems and directory enquiries; and local, national, and international voice services. The company also offers data transmission; asynchronous transfer mode, frame relay, and IP services; managed data networking; and Web hosting services. It serves residential, commercial, wholesale, corporate, and government sectors. The company has a strategic partnership with Telefonica O2 Ireland. The company was founded in 1984...

1 Heuston South Quarter

St John's Road

Dublin,  8

Ireland

Founded in 1984

7,639 Employees

Phone:

353 1 701 5000

Fax:

353 1 671 6916

Key Executives for eircom Group plc

Group Chief Executive Officer
Age: 62
Group Chief Financial Officer
Age: 59
Group Operations Director
Age: 50
Managing Director of Transition Unit
Managing Director of Wholesale Operations
Compensation as of Fiscal Year 2014.

eircom Group plc Key Developments

eircom Delays IPO

eircom Group plc is considering delaying its planned £1 billion stock market listing. eircom fears that investors would shy away from buying its stock, according to the Sunday Business Post. eircom had earmarked September as the date for its third public offering since 1999. However, the newspaper suggests it is reconsidering the strategy and is now looking at some other options, including a sale of a part of the business to international funds, and the postponement of the flotation by a number of months.

Eircom Reportedly Considers Delaying €1 Billion Stock Market Listing

eircom Group plc is considering delaying its planned €1 billion stock market listing amid fears that investors would shy away from buying its stock, according to the Sunday Business Post. eircom had earmarked September 2014 as the date for its third public offering since 1999. However, the newspaper suggests it is reconsidering the strategy and is now looking at some other options, including a sale of a part of the business to international funds, and the postponement of the flotation by a number of months. Eircom is seeking either a flotation or trade sale to deal with its debt burden, which sits at €2.3 billion.

Eircom and Unions Agree 5% Pay Rise for Staff over Next Four Years

Eircom staff are in line for a 5% pay increase over the next four years following a deal struck by the company and its unions. Bonuses and other payments are to be put in place also for certain grades of staff in return for changes to work practices. The deal was agreed through the Labour Relations Commission with workers to be balloted on the proposals in July 2014. Under the deal, staff will receive a 2.5% pay increase with effect from July 1, 2015. An additional 1.25% will be paid a year later followed by the same percentage increase on July 1, 2017. Both sides have agreed that there would then be no further pay increases until July 2018. A pay freeze has been in place at Eircom since 2008. The company is now in the final stages of a voluntary leaving scheme that will reduce its headcount by 2,000 to about 3,500.

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