Swisscom confirms Eircom acquisition talks
Two of Europe's leading telecoms firms, Swisscom and Eircom of Ireland, are in takeover talks.
Swisscom confirmed it had approached its Irish counterpart about a "possible transaction" but cautioned that it wouldn't necessarily make an offer.
Eircom is one of Ireland's largest companies and dominates the market for fixed-line phone services there.
Activity in Europe's telecoms sector is picking up, Telefonica having recently made a £17bn (25bn euros) bid for O2.
posted by Fergie @ 11/09/2005 06:39:00 AM
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