Eircom expected to enter examinership

Eircom is expected to go to the High Court today to enter examinership.

Eircom is expected to go to the High Court today to enter examinership.

The company is proposing to cut its €4bn debt in half, in what will be the biggest examinership in the history of the State.

Eircom outlined its plans at a meeting yesterday and if approved many of its smaller creditors could be wiped out while others will suffer significant losses.

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