Eircom may breach terms of loans

BusinessWeek, 26 Nov 2010Eircom Group, Ireland’s largest phone operator, said it may breach the terms of its loans as the country’s austerity measures imposed to combat the collapse of the banking system forces consumers to cut spending.The company, which has to service 3.15 billion euros ($4.2 billion) of debt used to fund its buyout by Temasek Holdings Pte Ltd., is assessing its options, Eircom