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Tailspin It began with an exclusive in the Irish Sunday Independent newspaper - KPN - Teliaīs 35% holding in Eircom was to be sold off. The announcement was expected on Wednesday when Eircom would announce results. The markets over the last few days have been concentrating on this sell-off. When Eircomīs results were published today, the profit was up 17% on last yearīs profit but this profit was absorbed by the exceptional costs such as getting rid of 3500 employees. Full Story
Courting Confusion A ruling in the Irish High Court yesterday has thrown plans for a third mobile service in Ireland into confusion. The ruling blocked the award of the licence to the Meteor consortium. Full Story Smokescreen? An article in yesterday's Irish Times about how Telecom Eireann was going to introduce ADSL bore all the hallmarks of a Telecom Eireann smokescreen. The last time that TE had been promoted in such a way was just before it was annouced that the Flat Rate internet access the TE was promoting so loudly was not given the go-ahead by the ODTR. Full Story Telecoms Telecom Eireann, Ireland's soon to be floated state telecoms company, has been somewhat reluctant to implement ADSL. Despite all the hype and various announcements last year that it would be available in the middle of 1999, it has not materialised. Even in TE's experimental Information Town, ISDN is the order of the day. So what is TE playing at? Full Story Telecoms NTL purchased the Irish company Cablelink last night in a deal worth £535 Million. Cablelink is Ireland's biggest cable and MMDS operator with an estimated 400,000 subscriber base. Cablelink had been owned by Telecom Eireann and RTE. According to Sean MacCarthaigh in the Irish Times, RTE will use the revenue generated by the sale of its shares to fund digital terrestrial televison project. Full Story |
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