Government listens to telcos’ worries over telecoms tax reforms; plans to table new bill in next parliamentary session

Ireland’s dominant telecoms group Eircom has reportedly reached agreement with key lenders concerning a waiver of debt terms which will avert a USD5 billion default, according to Bloomberg citing people with direct knowledge of the situation. However, a spokesman for the telco declined to comment on the waiver plan when asked, it added. It is understood the waiver requires approval from two-thirds of Eircom’s senior lenders [More]

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