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Friday, April 1, 2011

Temasek's ST Telemedia not confirming Eircom intentions

RTE News, 1 Apr 2011The main shareholder in Eircom - Singapore Technologies Telemedia - has declined to confirm whether it will proceed to invest in the company following the staff's acceptance of a €92m cost reduction programme.In a statement, STT said it understood that Eircom management was still exploring various options on the balance sheet remediation, including preliminary engagement with