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Hi
Hat jemand neue Nachrichten von diesem Wert ?
Der fällt und fällt .
Was is da los auf der grünen Insel ?
Hat jemand neue Nachrichten von diesem Wert ?
Der fällt und fällt .
Was is da los auf der grünen Insel ?
Hi
Kennt hier nur keiner diesen Wert das kann doch nicht sein.
Bitte um Antwort wäre sehr dankbar !!!!
cu
Kennt hier nur keiner diesen Wert das kann doch nicht sein.
Bitte um Antwort wäre sehr dankbar !!!!
cu
Hi
Mensch was is nur los kennt keiner diese Aktie !
Das ist ja echt traurig !
Warte auf Antwort !
cu ASJ
Mensch was is nur los kennt keiner diese Aktie !
Das ist ja echt traurig !
Warte auf Antwort !
cu ASJ
Hi
Mensch was is nur los kennt keiner diese Aktie !
Das ist ja echt traurig !
Warte auf Antwort !
cu ASJ
Mensch was is nur los kennt keiner diese Aktie !
Das ist ja echt traurig !
Warte auf Antwort !
cu ASJ
Würde auch mal ganz gern etwas über die Aktie erfahren.
War eine Empfehlung der Telebörse.
So ein Schrott
War eine Empfehlung der Telebörse.
So ein Schrott
Trading Spotlight
Wo sind die Profi`s,die mal etwas über die Empfehlung von Telebörse genaueres schreiben können??
Viele andere und ich wären sehr Dankbar.
Gruß BS
Viele andere und ich wären sehr Dankbar.
Gruß BS
Hei,
habe die Aktie auch auf Empfehlung der Telebörse gekauft, Scheißtip oder doch nicht. warte schon die ganze Zeit auf eine Übernahme.
habe die Aktie auch auf Empfehlung der Telebörse gekauft, Scheißtip oder doch nicht. warte schon die ganze Zeit auf eine Übernahme.
Hallo
Wer sollte die schon übernehmen oder gibt es da etwa schon Kandidaten?
cu ASJ
Wer sollte die schon übernehmen oder gibt es da etwa schon Kandidaten?
cu ASJ
!
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Stand im Aktionär das Eir.com ein starker Übernahme Kanditat ist. Haben gerade 25 Millionen Euro in Glasfaserkabel in Nordirland gesteckt.
Hi happydaddy
Was heißt das für den Kurs der Aktie?
Was heißt das für den Kurs der Aktie?
!
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Hi
danke für deine optimistische Meinung, tut gut was positives zu hören.
gruß bs
danke für deine optimistische Meinung, tut gut was positives zu hören.
gruß bs
Eircom hofft durch das investieren in Nordirland auf eine Million neue Kunden. Wäre doch ein Tip für die Telekom oder T-Online, die wollen sich doch vergrößern. Aktie wieder leicht am steigen.
@wo
Hallo ihr!
Könnt ihr bitte mal nach Nachrichten oder Daten zu dieser Aktie schauen oder uns sagen wo wir schaien könne. das wäre nett.
Danke im Voraus
Hallo ihr!
Könnt ihr bitte mal nach Nachrichten oder Daten zu dieser Aktie schauen oder uns sagen wo wir schaien könne. das wäre nett.
Danke im Voraus
!
Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an feedback@wallstreet-online.de
wieder blocktrade 76k in frankfurt @ 3.1 € - fr, den 23.6
Eircom urges Telia to clarify stake plans
DUBLIN, June 27 (Reuters) - Eircom (quote from Yahoo! UK & Ireland: EIR.L) (NYSE:EIR - news) said on Tuesday it was pressing for clarity from Sweden`s Telia on what it planned to do with its 14 percent stake in the Irish telecoms company.
``We are actively seeking clarity from Telia in the interests of all shareholders,`` eircom spokesman Gerry O`Sullivan told Reuters.
Dutch company KPN announced last month that it planned a secondary offering for its 21 percent stake in eircom but Telia surprised the Irish company by opting not to add its holding to the sale.
Telia has said it will sell out of eircom ``at the right time`` but has declined to be more specific. The continuing uncertainty has pushed eircom shares lower and led to speculation that KPN would delay its offering until autumn.
DUBLIN, June 27 (Reuters) - Eircom (quote from Yahoo! UK & Ireland: EIR.L) (NYSE:EIR - news) said on Tuesday it was pressing for clarity from Sweden`s Telia on what it planned to do with its 14 percent stake in the Irish telecoms company.
``We are actively seeking clarity from Telia in the interests of all shareholders,`` eircom spokesman Gerry O`Sullivan told Reuters.
Dutch company KPN announced last month that it planned a secondary offering for its 21 percent stake in eircom but Telia surprised the Irish company by opting not to add its holding to the sale.
Telia has said it will sell out of eircom ``at the right time`` but has declined to be more specific. The continuing uncertainty has pushed eircom shares lower and led to speculation that KPN would delay its offering until autumn.
Danke Ines49 das sich mal einer um uns Kleinaktionäre kümmert.
Bin zu Zeit 40% im Minus bei Eircom. Hat daher keinen Sinn zu verkaufen Warte auf bessere Zeiten.
Bin zu Zeit 40% im Minus bei Eircom. Hat daher keinen Sinn zu verkaufen Warte auf bessere Zeiten.
ich glaube es stehen bessere zeiten vor der tür...
denn ich habe diese woche ein etwas untypisches verhalten für den deutschen markt bemerkt ...
bei einem durchschnittlichen tagesumsatz von ca. 15k am deutschen markt gab es grosse trades diese woche ...
56k - 76k - und gestern 100000 stück in stuttgart ...
ich vermute institutionelle käufe ...
denn ich habe diese woche ein etwas untypisches verhalten für den deutschen markt bemerkt ...
bei einem durchschnittlichen tagesumsatz von ca. 15k am deutschen markt gab es grosse trades diese woche ...
56k - 76k - und gestern 100000 stück in stuttgart ...
ich vermute institutionelle käufe ...
@ines40
Bist du so eine gute Insiderin
Bin leider nur Anfänger der noch nicht mal gut Englisch kann.
Hab der Telebörse vertraut und ein großes Paket gekauft. Bin jetzt ganz schön im Minus.
Wäre dir dankbar für jede neue Info.
Bist du so eine gute Insiderin
Bin leider nur Anfänger der noch nicht mal gut Englisch kann.
Hab der Telebörse vertraut und ein großes Paket gekauft. Bin jetzt ganz schön im Minus.
Wäre dir dankbar für jede neue Info.
Hilfe!!!!!
Gibt`s mal was positives????
Gibt`s mal was positives????
hallo,
ich habe eircom aktien seit der ipo letztes jahr im sommer,
ich denke eircom (ehemalig telecom eirann) ist ein take-over kandidat. Allerdings erst ab august, soweit ich informiert bin, will sowohl telia als auch kpn vorläufig ihre anteile 14%/21% halten.
der sharepreisrutsch ist telia zu verdanken, da telia die aktien verkaufen sollte, nähere umstände habe ich nicht mehr im kopf ...
fundamental ist diese aktie unterbewertet ...
ich werde meine halten bis ich die 4% bonusshares erhalten habe und wenn sich dann in den nächsten 2-4 monaten verkaufen ...
ich hoffe ein wenig geholfen zu haben ...
servus
ines
ich habe eircom aktien seit der ipo letztes jahr im sommer,
ich denke eircom (ehemalig telecom eirann) ist ein take-over kandidat. Allerdings erst ab august, soweit ich informiert bin, will sowohl telia als auch kpn vorläufig ihre anteile 14%/21% halten.
der sharepreisrutsch ist telia zu verdanken, da telia die aktien verkaufen sollte, nähere umstände habe ich nicht mehr im kopf ...
fundamental ist diese aktie unterbewertet ...
ich werde meine halten bis ich die 4% bonusshares erhalten habe und wenn sich dann in den nächsten 2-4 monaten verkaufen ...
ich hoffe ein wenig geholfen zu haben ...
servus
ines
hat irgendjemand eine ahnung wer die eir blockbuys tätigt ?
gestern und heute jeweils 12k ...
letzte woche ca. 50k - 76k - 100k ???
platze vor neugier ... bin für jede antwort dankbar ...
servus
Ines
gestern und heute jeweils 12k ...
letzte woche ca. 50k - 76k - 100k ???
platze vor neugier ... bin für jede antwort dankbar ...
servus
Ines
Leider keine Ahnung, hätte dir gern geholfen
Friday July 7, 10:39 AM
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Telia set to put eircom sale on hold
DUBLIN, July 7 (Reuters) - Sweden`s Telia is set to keep its 14 percent stake in Irish telecoms company eircom for six months while Dutch KPN Telecom NV sells its 21 percent holding, industry sources said on Friday.
However, a formal agreement is not expected to emerge in time to allow KPN to carry out its planned secondary offering this month. KPN is likely to seek to sell its eircom shares in September once European markets get back into full swing following the August summer holiday lull.
"The issue of a six-month lock-in with Telia is pretty much sorted out," industry sources said, adding that the exact legal terms of the agreement were still being thrashed out.
"KPN are probably finding it has got too late to do their offering before the summer break," the sources added.
Eircom (LSE: EIR.L - news) , floated a year ago in a public offering backed by hundreds of thousands of Irish retail investors, has seen its share price hammered by ongoing uncertainty over its ownership structure.
The shares edged up two cents to 2.77 euros in Dublin on Friday, nearly 30 percent below the 3.90 euro level at which they were floated.
KPN and Telia first announced their intention to sell out of eircom last November. KPN confirmed plans for its secondary offering in May but Telia angered eircom by opting not to add its stake to the sale.
Telia, which has been preoccupied with its own flotation last month and a subsequent $2.6 billion bid for Norwegian mobile company NetCom , has said it plans to get out of eircom this year but has not specified a date.
Related Quotes
EIR.L
2.71
+0.01
FTSE 100 Gainers Losers
Commission Calculator
Delay: 15-20 minutes
Disclaimer
Telia set to put eircom sale on hold
DUBLIN, July 7 (Reuters) - Sweden`s Telia is set to keep its 14 percent stake in Irish telecoms company eircom for six months while Dutch KPN Telecom NV sells its 21 percent holding, industry sources said on Friday.
However, a formal agreement is not expected to emerge in time to allow KPN to carry out its planned secondary offering this month. KPN is likely to seek to sell its eircom shares in September once European markets get back into full swing following the August summer holiday lull.
"The issue of a six-month lock-in with Telia is pretty much sorted out," industry sources said, adding that the exact legal terms of the agreement were still being thrashed out.
"KPN are probably finding it has got too late to do their offering before the summer break," the sources added.
Eircom (LSE: EIR.L - news) , floated a year ago in a public offering backed by hundreds of thousands of Irish retail investors, has seen its share price hammered by ongoing uncertainty over its ownership structure.
The shares edged up two cents to 2.77 euros in Dublin on Friday, nearly 30 percent below the 3.90 euro level at which they were floated.
KPN and Telia first announced their intention to sell out of eircom last November. KPN confirmed plans for its secondary offering in May but Telia angered eircom by opting not to add its stake to the sale.
Telia, which has been preoccupied with its own flotation last month and a subsequent $2.6 billion bid for Norwegian mobile company NetCom , has said it plans to get out of eircom this year but has not specified a date.
Telia lock-in helps to lift Eircom share
By PAT BOYLE
SHARES in Eircom bounced back yesterday following Thursday`s confirmation that Telia is to lock in its 14pc holding for a period of six months after KPN sells its 21pc stake. KPN is expected to sell its own stake in September.
Analysts expressed the view that Eircom stock would not recover until the issue of the KPN/Telia stakes had been resolved.
And while final confirmation of the commitment to lock in will not materialise until KPN confirms its own intentions, the news has been well received in the market.
Shares in Eircom traded up 9 to euro 2.85 yesterday as almost 2m shares changed hands in Dublin.
The stock was also helped by a general bounce in European telecom stocks, driven higher by a suggestion that the next generation UMTS licences will not cost as much as had been anticipated. UMTS phones will allow users to access the internet and download information via a high speed digital network.
Fears had grown that other European countries would follow the example of the UK and end up with very expensive UMTS licences.
The British UMTS licences netted a total of stg£22.5bn, and this immediately raised fears that other countries would look for huge licence payments with the result that the services when offered would be prohibitively expensive.
However, that does not look likely at this stage, with a marked lack of interest in current Dutch UMTS auction ensuring that bids are running way below expectations.
Telecoms regulator Etain Doyle is to conduct a `beauty contest` for the Irish licences later this year with the licences scheduled to be awarded by February next.
Even though an auction would be likely to raise something in excess of £1bn for the Exchequer, this method was not favoured by the regulator who said it could lead to an inefficient use of the spectrum.
Instead the regulator will judge potential operators on their economic and technical capabilities, the same method used for allocating the third mobile phone licence to Meteor.
Eircom will be one of the favourites to win a UMTS licence here, with its subsidiary Eircell already the dominant force in the mobile phone market.
Some analysts believe Eircell could be spun off from Eircom as part of an arrangement to fund the development of a UMTS network. Eircell made pre-tax profits of £45.5m last year and would be snapped up by investors
By PAT BOYLE
SHARES in Eircom bounced back yesterday following Thursday`s confirmation that Telia is to lock in its 14pc holding for a period of six months after KPN sells its 21pc stake. KPN is expected to sell its own stake in September.
Analysts expressed the view that Eircom stock would not recover until the issue of the KPN/Telia stakes had been resolved.
And while final confirmation of the commitment to lock in will not materialise until KPN confirms its own intentions, the news has been well received in the market.
Shares in Eircom traded up 9 to euro 2.85 yesterday as almost 2m shares changed hands in Dublin.
The stock was also helped by a general bounce in European telecom stocks, driven higher by a suggestion that the next generation UMTS licences will not cost as much as had been anticipated. UMTS phones will allow users to access the internet and download information via a high speed digital network.
Fears had grown that other European countries would follow the example of the UK and end up with very expensive UMTS licences.
The British UMTS licences netted a total of stg£22.5bn, and this immediately raised fears that other countries would look for huge licence payments with the result that the services when offered would be prohibitively expensive.
However, that does not look likely at this stage, with a marked lack of interest in current Dutch UMTS auction ensuring that bids are running way below expectations.
Telecoms regulator Etain Doyle is to conduct a `beauty contest` for the Irish licences later this year with the licences scheduled to be awarded by February next.
Even though an auction would be likely to raise something in excess of £1bn for the Exchequer, this method was not favoured by the regulator who said it could lead to an inefficient use of the spectrum.
Instead the regulator will judge potential operators on their economic and technical capabilities, the same method used for allocating the third mobile phone licence to Meteor.
Eircom will be one of the favourites to win a UMTS licence here, with its subsidiary Eircell already the dominant force in the mobile phone market.
Some analysts believe Eircell could be spun off from Eircom as part of an arrangement to fund the development of a UMTS network. Eircell made pre-tax profits of £45.5m last year and would be snapped up by investors
DEN HAAG(dpa)AFX- Der niederländische Telekomriese KPN verkauft seinen Anteil von 21% an dem irischen Telekom Unternehmen. Die Beteiligung an dem ehemaligen Staatsbetrieb sei zwar erfolgreich gewesen, passe aber nicht mehr in die internationale Strategie.Der Börsenwert der internatinal angebotenen Anteile beträgt nach derzeitigem Kurs 2,6 Mrd Euro.Zusammen mit dem schwedischen Unternehmen Telia hat KPN seit 1996 Eircom bei der Umstrukturierung unterstützt. Nach KPN Angaben wurden seither 2,3 Mrd Euro in das Unternehmen investiert, das im Juli 1999 an die Börse gebracht wurde.
Ich denke die nachricht sagt ungefähr dasselbe wie bei dir Ines. werde meine werte halten. Mein Englisch ist nicht so gut, vielleicht kannst du das wichtigste von deinen nachrichten übersetzen.
Danke, Happydaddy
Ich denke die nachricht sagt ungefähr dasselbe wie bei dir Ines. werde meine werte halten. Mein Englisch ist nicht so gut, vielleicht kannst du das wichtigste von deinen nachrichten übersetzen.
Danke, Happydaddy
Hallo HappaDaddy !
synopsis
- telia hält eir-anteil weitere 6 monate
- solange das problem telia/kpn nicht gelöst ist wird sich der kurs nicht erholen
- kpn will im september verkaufen
- zukunftsaussichten umts beeinflussen telekomkurse zur zeit
- eircom ist einer der favovoriten für die umts lizenz in irl zu bekommen
synopsis
- telia hält eir-anteil weitere 6 monate
- solange das problem telia/kpn nicht gelöst ist wird sich der kurs nicht erholen
- kpn will im september verkaufen
- zukunftsaussichten umts beeinflussen telekomkurse zur zeit
- eircom ist einer der favovoriten für die umts lizenz in irl zu bekommen
Hi alle zusammen
Die Kurse sehen ja in den letzten Tagen nicht schlecht aus !
Hoffe es geht wieder AUFWÄRTS !!
Was denkt ihr wenn es wieder richtig AUFWÄRTS geht ?
cu ASJ
Die Kurse sehen ja in den letzten Tagen nicht schlecht aus !
Hoffe es geht wieder AUFWÄRTS !!
Was denkt ihr wenn es wieder richtig AUFWÄRTS geht ?
cu ASJ
Frage?
haben wir überhaupt`s eine reele chance,die 5,0 euro irgendwann
wieder zu sehen?
Danke für eure Meinungen
BS
haben wir überhaupt`s eine reele chance,die 5,0 euro irgendwann
wieder zu sehen?
Danke für eure Meinungen
BS
latest news ....
Friday July 21, 5:32 am Eastern Time
Telia agrees six month eircom stake lock-up
(UPDATE: writes through, changes dateline, previous LONDON))
By Kevin Smith
DUBLIN, July 21 (Reuters) - Eircom (quote from Yahoo! UK & Ireland: EIR.L)(NYSE:EIR - news) said on Friday that Sweden`s Telia had agreed to a six-month ``lock-up`` of its 14 percent stake in the Irish telecoms company, allowing Dutch KPN to sell its 21 percent holding.
Uncertainty about the ownership of the former Irish state telecoms group has weighed heavily on its shares, which floated just over a year ago at 3.90 euros. The stock is currently underperforming the pan-European Dow Jones Stoxx telecoms index (^SXKP - news) by some 35 percent.
The share gave up a one percent opening gain in Dublin on Friday to be one euro cent down at 2.71 euros by 0900 GMT. It slipped 0.74 percent in London. Eircom shares were as high as 4.86 euros in March.
``This agreement allows KPN to finalise arrangements for a secondary offering of its 21 percent stake in eircom (held through Comsource),`` eircom said in a statement.
The lock-up in Telia`s stake -- also held through KPN and Telia`s joint venture Comsource -- is with immediate effect.
KPN is expected to move ahead quickly with plans to sell its eircom shares in a secondary offering to institutional and retail investors, but the sale is unlikely to take place before September, analysts say.
Scott Rankin, an analyst with Davy Stockbrokers in Dublin, said the lock-up was broadly positive for eircom`s share price prospects, but he took a medium term view on the stock re-approaching its flotation price.
``With this block (KPN`s holding) out of the way the share price could see some respite, but it still leaves the 14 percent stake which Telia could well hang onto on the grounds that there could be a takeover,`` he said.
``We could be looking at 12 months or more before we see a major upwards move in the share,`` he said.
He noted the stock was trading at ``a big discount to the sum of its parts``.
KPN announced in May that it planned to sell its 21 percent stake in eircom, but Telia surprised the Irish company by opting not to add its holding to the sale.
Analysts say KPN may need to sell its stake at a five to 10 percent discount to the current price. KPN and Telia effectively paid around 2.55 euros for their shares in eircom once an Irish government clawback agreement was factored in, analysts said.
Friday July 21, 5:32 am Eastern Time
Telia agrees six month eircom stake lock-up
(UPDATE: writes through, changes dateline, previous LONDON))
By Kevin Smith
DUBLIN, July 21 (Reuters) - Eircom (quote from Yahoo! UK & Ireland: EIR.L)(NYSE:EIR - news) said on Friday that Sweden`s Telia had agreed to a six-month ``lock-up`` of its 14 percent stake in the Irish telecoms company, allowing Dutch KPN to sell its 21 percent holding.
Uncertainty about the ownership of the former Irish state telecoms group has weighed heavily on its shares, which floated just over a year ago at 3.90 euros. The stock is currently underperforming the pan-European Dow Jones Stoxx telecoms index (^SXKP - news) by some 35 percent.
The share gave up a one percent opening gain in Dublin on Friday to be one euro cent down at 2.71 euros by 0900 GMT. It slipped 0.74 percent in London. Eircom shares were as high as 4.86 euros in March.
``This agreement allows KPN to finalise arrangements for a secondary offering of its 21 percent stake in eircom (held through Comsource),`` eircom said in a statement.
The lock-up in Telia`s stake -- also held through KPN and Telia`s joint venture Comsource -- is with immediate effect.
KPN is expected to move ahead quickly with plans to sell its eircom shares in a secondary offering to institutional and retail investors, but the sale is unlikely to take place before September, analysts say.
Scott Rankin, an analyst with Davy Stockbrokers in Dublin, said the lock-up was broadly positive for eircom`s share price prospects, but he took a medium term view on the stock re-approaching its flotation price.
``With this block (KPN`s holding) out of the way the share price could see some respite, but it still leaves the 14 percent stake which Telia could well hang onto on the grounds that there could be a takeover,`` he said.
``We could be looking at 12 months or more before we see a major upwards move in the share,`` he said.
He noted the stock was trading at ``a big discount to the sum of its parts``.
KPN announced in May that it planned to sell its 21 percent stake in eircom, but Telia surprised the Irish company by opting not to add its holding to the sale.
Analysts say KPN may need to sell its stake at a five to 10 percent discount to the current price. KPN and Telia effectively paid around 2.55 euros for their shares in eircom once an Irish government clawback agreement was factored in, analysts said.
http://uk.finance.yahoo.com/q?s=EIR.L&d=b
London +14%...
vermutlich verspätete reaktion auf telia news, oder gibts sonst was neuse ?
London +14%...
vermutlich verspätete reaktion auf telia news, oder gibts sonst was neuse ?
Wednesday July 26, 7:04 am Eastern Time
Ireland plans to issue four 3G mobile licences
DUBLIN, July 26 (Reuters) - Ireland`s telecoms regulator said on Wednesday she favoured the issue of four ``third generation`` (3G) mobile telephone licences, one reserved for a new entrant to the market.
Regulator Etain Doyle said the licences would be awarded by selection on merit from competing applications, rather than the lucrative auction process used in countries such as Britain and the Netherlands.
``I am convinced that the optimum competition format for selection of the licences for delivery of 3G services in Ireland is a beauty contest,`` Doyle said in a statement.
She said the licence award process was likely to be completed by April or May of next year.
Ireland currently has two mobile phone operators, eircom`s eircell (quote from Yahoo! UK & Ireland: EIR.L) (NYSE:EIR - news) and Esat Digifone (quote from Yahoo! UK & Ireland: BT.L). However, U.S.-Irish consortium Meteor has been awarded a third licence and is expected to launch services in the next few months.
Ireland plans to issue four 3G mobile licences
DUBLIN, July 26 (Reuters) - Ireland`s telecoms regulator said on Wednesday she favoured the issue of four ``third generation`` (3G) mobile telephone licences, one reserved for a new entrant to the market.
Regulator Etain Doyle said the licences would be awarded by selection on merit from competing applications, rather than the lucrative auction process used in countries such as Britain and the Netherlands.
``I am convinced that the optimum competition format for selection of the licences for delivery of 3G services in Ireland is a beauty contest,`` Doyle said in a statement.
She said the licence award process was likely to be completed by April or May of next year.
Ireland currently has two mobile phone operators, eircom`s eircell (quote from Yahoo! UK & Ireland: EIR.L) (NYSE:EIR - news) and Esat Digifone (quote from Yahoo! UK & Ireland: BT.L). However, U.S.-Irish consortium Meteor has been awarded a third licence and is expected to launch services in the next few months.
By Dopy (Dopy) on Saturday, August 5, 2000 - 09:54 am:
BUY EIRCOM IMMEDIATLY.SECOND OFFERING WILL NOT HAPPEN. REPEAT "SECOND OFFERING WILL NOT HAPPEN
habe diese statement auf einem Irischen Msg-Board gefunden ...
leider ohne quellenangabe ...
melde mich wieder sobald genaueres bekannt ist ...
servus
ines
BUY EIRCOM IMMEDIATLY.SECOND OFFERING WILL NOT HAPPEN. REPEAT "SECOND OFFERING WILL NOT HAPPEN
habe diese statement auf einem Irischen Msg-Board gefunden ...
leider ohne quellenangabe ...
melde mich wieder sobald genaueres bekannt ist ...
servus
ines
@Ines 40
Kompliment! Du hängs`t dich wirklich voll rein, um uns ein paar sicherlich sinnvolle Informationen über Eircom zugeben.
Dafür Danke!
ps. Vielleicht könntest du deine englischsprachigen Threads auch ins deutsche übersetzen.
Gruß bs
Kompliment! Du hängs`t dich wirklich voll rein, um uns ein paar sicherlich sinnvolle Informationen über Eircom zugeben.
Dafür Danke!
ps. Vielleicht könntest du deine englischsprachigen Threads auch ins deutsche übersetzen.
Gruß bs
Eircom Denies Plans to Sell Shares in Mobile Unit (Update1)
By Thomas Molloy and Brian O`Neill
Dublin, Aug. 9 (Bloomberg) -- Eircom Plc, Ireland`s No. 1 telephone company, denied a report it plans to sell shares in mobile phone division Eircell.
``Eircom has no plans to sell Eircell -- it`s pure baloney,`` said Majella FitzPatrick, a spokeswoman for Eircom.
Business and Finance magazine will tomorrow report that ``sources close to the company`` confirmed Eircom will sell shares in Eircell on the Dublin, London and New York stock exchanges next year, according to an advance copy seen by Bloomberg.
Like other former European phone monopolies, Eircom is seeing its main profit growth in cellular services. Revenue from Eircom`s Eircell cellular phone division rose 40 percent in the 12 months ended March 31 to 487 million euros ($438 million), giving Eircom an estimated 62 percent of the Irish mobile phone market. The number of subscribers rose 62 percent to 1.05 million.
Eircom has said it plans to sell around 25 percent of its multimedia business in a public offering later this year.
The shares fell 0.11 euro, or 4.2 percent, to a record-low of 2.52 euros in Dublin.
(Business and Finance)
Enter {www.businessandfinance.ie} to see Business and Finance`s Web site.
By Thomas Molloy and Brian O`Neill
Dublin, Aug. 9 (Bloomberg) -- Eircom Plc, Ireland`s No. 1 telephone company, denied a report it plans to sell shares in mobile phone division Eircell.
``Eircom has no plans to sell Eircell -- it`s pure baloney,`` said Majella FitzPatrick, a spokeswoman for Eircom.
Business and Finance magazine will tomorrow report that ``sources close to the company`` confirmed Eircom will sell shares in Eircell on the Dublin, London and New York stock exchanges next year, according to an advance copy seen by Bloomberg.
Like other former European phone monopolies, Eircom is seeing its main profit growth in cellular services. Revenue from Eircom`s Eircell cellular phone division rose 40 percent in the 12 months ended March 31 to 487 million euros ($438 million), giving Eircom an estimated 62 percent of the Irish mobile phone market. The number of subscribers rose 62 percent to 1.05 million.
Eircom has said it plans to sell around 25 percent of its multimedia business in a public offering later this year.
The shares fell 0.11 euro, or 4.2 percent, to a record-low of 2.52 euros in Dublin.
(Business and Finance)
Enter {www.businessandfinance.ie} to see Business and Finance`s Web site.
EIRCOM CAPS OPTIONS AT "4 TIMES SALARY"
10-AUG-2000 08:06
The new share option scheme for Eircom managers will be capped at a maximum of four times their annual salaries, according to a report this morning.
The scheme will run for a minimum of three years, but could be extended to as much as 10 years, the Irish Independent says, quoting sources.
The paper also says that the scheme, which has been agreed with the Irish Association of Investment Managers, is likely to be made available to as many as 400 managers in the company.
Originally Eircom had wanted a scheme based on total shareholder return, but it agreed later at the request of the IAIM to base it on earnings per share.
The paper says that, with chief executive Alfie Kane earning IR£300,000 a year, the scheme should be worth IR£1.2m to him
10-AUG-2000 08:06
The new share option scheme for Eircom managers will be capped at a maximum of four times their annual salaries, according to a report this morning.
The scheme will run for a minimum of three years, but could be extended to as much as 10 years, the Irish Independent says, quoting sources.
The paper also says that the scheme, which has been agreed with the Irish Association of Investment Managers, is likely to be made available to as many as 400 managers in the company.
Originally Eircom had wanted a scheme based on total shareholder return, but it agreed later at the request of the IAIM to base it on earnings per share.
The paper says that, with chief executive Alfie Kane earning IR£300,000 a year, the scheme should be worth IR£1.2m to him
Friday August 11, 12:11 AM
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Eircom to float Eircell, Eircom.net, Indigo and Rondomondo
By Eilish Lenny
Eircom (LSE: EIR.L - news) plans to float its Eircell mobile phone division within the next year. A Dublin, London and New York float, similar to that of the Eircom Multimedia float also scheduled for next year, is likely. Eircell is thought to be worth at least 6bn euros, with over 1m Irish subscribers, having gained 43% of this market in the past year. Eircom, the former state company, also plans to float 25% of its multimedia division comprising eircom.net and indigo and also its content house, Rondomondo, raising Ir£180m. Shares in Eircom fell yesterday to close at 252 euro cents down 11 on the day.
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Eircom to float Eircell, Eircom.net, Indigo and Rondomondo
By Eilish Lenny
Eircom (LSE: EIR.L - news) plans to float its Eircell mobile phone division within the next year. A Dublin, London and New York float, similar to that of the Eircom Multimedia float also scheduled for next year, is likely. Eircell is thought to be worth at least 6bn euros, with over 1m Irish subscribers, having gained 43% of this market in the past year. Eircom, the former state company, also plans to float 25% of its multimedia division comprising eircom.net and indigo and also its content house, Rondomondo, raising Ir£180m. Shares in Eircom fell yesterday to close at 252 euro cents down 11 on the day.
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Wednesday August 23, 1:02 PM
Eircom shareholders asked to rsvp intention to attend agm
By Eilish Lenny
Eircom (LSE: EIR.L - news) shareholders intending to attend the forthcoming agm are being asked to sign and return an `Intention to Attend Card` to the Registrar in a prepaid envelope by August 31st. Those not attending are being asked to tick a panel on the proxy form nominating the chairman of the meeting as their proxy. If they do not wish to select the chairman, shareholders must write the name of another person in a separate box on the proxy form. There are 7 resolutions to be voted upon at the agm and shareholders who will not be attending can indicate their approval or rejection of the resolutions.
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Eircom shareholders asked to rsvp intention to attend agm
By Eilish Lenny
Eircom (LSE: EIR.L - news) shareholders intending to attend the forthcoming agm are being asked to sign and return an `Intention to Attend Card` to the Registrar in a prepaid envelope by August 31st. Those not attending are being asked to tick a panel on the proxy form nominating the chairman of the meeting as their proxy. If they do not wish to select the chairman, shareholders must write the name of another person in a separate box on the proxy form. There are 7 resolutions to be voted upon at the agm and shareholders who will not be attending can indicate their approval or rejection of the resolutions.
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EIRCOM TO BID FOR LICENCES IN NI/UK
05-SEP-2000 07:48
Eircom announced that it plans to bid for wireless broadband licences in Northern Ireland and the UK.
According to this morning`s Irish Times, Mr. Chris Kinghan, Eircom`s CEO in Northern Ireland, will be heading the team. Eircom failed to acquire a UMTS licence in the UK before the summer.
The acquisition of a wireless broadband licences in Northern Ireland would be a natural step forward and would turn Eircom into an all-Ireland telecoms group. The licences have a reserve price of just UK100,000.
The licences would have a 15 year lifespan and the winning bidders will have to roll out the services on time.
Eircom is also understood to be interested in bidding for other UK regional wireless broadband licences primarily in London and Manchester where it already has a presence
05-SEP-2000 07:48
Eircom announced that it plans to bid for wireless broadband licences in Northern Ireland and the UK.
According to this morning`s Irish Times, Mr. Chris Kinghan, Eircom`s CEO in Northern Ireland, will be heading the team. Eircom failed to acquire a UMTS licence in the UK before the summer.
The acquisition of a wireless broadband licences in Northern Ireland would be a natural step forward and would turn Eircom into an all-Ireland telecoms group. The licences have a reserve price of just UK100,000.
The licences would have a 15 year lifespan and the winning bidders will have to roll out the services on time.
Eircom is also understood to be interested in bidding for other UK regional wireless broadband licences primarily in London and Manchester where it already has a presence
KPN CHEWS OVER VOTE ON EIRCOM OPTIONS
02-SEP-2000 10:50
The Dutch telecom company KPN has so far not decided how it will cast its votes on the planned share option scheme for 400 Eircom executives.
As a 21pc shareholder in Eircom, the Dutch firm will have a similar proportion of the votes at the agm on September 13, when the scheme is up for approval.
KPN has, however, told the Irish Independent, that it plans to hold talks with fellow shareholder the Swedish telco Telia before making up its mind.
Telia has an effective 14pc stake in Eircom, which it holds through a company called Comsource, through which KPN also holds its shares.
A KPN spokeswoman tells the paper: "We have not made up our mind yet. It is going to be a mutual point of view." KPN is planning to sell its Eircom stake after the agm.
02-SEP-2000 10:50
The Dutch telecom company KPN has so far not decided how it will cast its votes on the planned share option scheme for 400 Eircom executives.
As a 21pc shareholder in Eircom, the Dutch firm will have a similar proportion of the votes at the agm on September 13, when the scheme is up for approval.
KPN has, however, told the Irish Independent, that it plans to hold talks with fellow shareholder the Swedish telco Telia before making up its mind.
Telia has an effective 14pc stake in Eircom, which it holds through a company called Comsource, through which KPN also holds its shares.
A KPN spokeswoman tells the paper: "We have not made up our mind yet. It is going to be a mutual point of view." KPN is planning to sell its Eircom stake after the agm.
Academic`s legal challenge to share options scheme
DR Michael Grimes, a well-known Cork academic lawyer and consultant intends taking an injunction against Eircom in the High Court tomorrow. He is seeking a court order preventing the controversial share options scheme for Eircom chiefs being discussed at Wednesday`s AGM.
According to papers seen by the Sunday Independent, Dr Grimes intends to petition the court for a stay of the options scheme, on the grounds that the directors have proposed a resolution granting them power to ``loot the company by alloting themselves either unlimited renumeration or an unlimited number of shares at a price to be set by themselves, such resolution being listed as item number 7 ... ``
The case is understood to be based on Section 205 of the company`s act 1963, prohibiting the oppression of minorities.
Dr Grimes will be seeking discovery of documents from Eircom, particularly all of the correspondence between the company and institutional shareholders or fund managers in relation to the options scheme, and any inducements offered to any company, person or agent to promise their votes.
The petitioner himself a Eircom shareholder will file an affidavit claiming incompetence by the management and insisting that, unless the court intervenes, a done deal between the board of Eircom and the fund managers will deprive small shareholders of their rights what Dr Grimes dubs ``an evident oppression of shareholders``.
In his affidavit, he alleges that one of the Eircom directors ``was in charge of a bank which defrauded the Irish taxpayer``.
The affidavit goes on to say that the directors behaviour is ``analogous to putting the foxes in charge of the henhouse with the shareholders being the unfortunate hens``.
The effect of the ex-parte (only one side will be in court) application if successful would not be to delay the AGM itself but to postpone the debate and any decision on the options scheme until Eircom`s lawyers have come into court to answer his petition.
Dr Grimes, 63, is a former assistant vice-president of Ohio State University in the United States.
SHANE ROSS
DR Michael Grimes, a well-known Cork academic lawyer and consultant intends taking an injunction against Eircom in the High Court tomorrow. He is seeking a court order preventing the controversial share options scheme for Eircom chiefs being discussed at Wednesday`s AGM.
According to papers seen by the Sunday Independent, Dr Grimes intends to petition the court for a stay of the options scheme, on the grounds that the directors have proposed a resolution granting them power to ``loot the company by alloting themselves either unlimited renumeration or an unlimited number of shares at a price to be set by themselves, such resolution being listed as item number 7 ... ``
The case is understood to be based on Section 205 of the company`s act 1963, prohibiting the oppression of minorities.
Dr Grimes will be seeking discovery of documents from Eircom, particularly all of the correspondence between the company and institutional shareholders or fund managers in relation to the options scheme, and any inducements offered to any company, person or agent to promise their votes.
The petitioner himself a Eircom shareholder will file an affidavit claiming incompetence by the management and insisting that, unless the court intervenes, a done deal between the board of Eircom and the fund managers will deprive small shareholders of their rights what Dr Grimes dubs ``an evident oppression of shareholders``.
In his affidavit, he alleges that one of the Eircom directors ``was in charge of a bank which defrauded the Irish taxpayer``.
The affidavit goes on to say that the directors behaviour is ``analogous to putting the foxes in charge of the henhouse with the shareholders being the unfortunate hens``.
The effect of the ex-parte (only one side will be in court) application if successful would not be to delay the AGM itself but to postpone the debate and any decision on the options scheme until Eircom`s lawyers have come into court to answer his petition.
Dr Grimes, 63, is a former assistant vice-president of Ohio State University in the United States.
SHANE ROSS
Sale of Eircell would boost Eircom shares
By JIM AUGHNEY
THE 500,000 Eircom shareholders who have seen their investment fall by 37pc since July 1999 could recoup most if not all of that loss if talks on the sale of the Eircell mobile phone subsidiary to UK mobile giant Vodafone are successfully concluded.
An Eircell sale would be the catalyst for breaking up Eircom and releasing the sum of its parts valuation.
Following the collapse in the Eircom share price and the verbal roasting meted out to management and directors at the agm, the Eircom board is likely to favour selling Eircell in a manner which would bring immediate value to the long suffering shareholders.
``The board would be keen to give value back to shareholders and it is unlikely that cash would be payable directly to Eircom,`` one commentator noted.
Vodafone has been one of the more aggressive acquirers of mobile phone businesses in the world and as a result is now the largest international cellular phone company. Like many telecoms companies its shares are now at a low level.
``A cash or share option is the most likely outcome of talks between Vodafone and Eircom,`` one Dublin analyst said yesterday. This would entail shareholders having to decide between receiving a significant amount of cash per share which would recoup much of their investment or alternatively shares in Vodafone.
A successful deal with Vodafone would also remove the technical overhang in Eircom shares caused by the desire to sell the 35pc Comsource stake by KPN and Telia. These companies could decide whether to take the cash or take shares in Vodafone which is much more liquid than Eircom.
A deal would also presage the break-up of Eircom with the sale in the first half of next year of its multi-media companies Golden Pages, the so-called white pages, eircom.net and indigo. Eircom`s investments in companies like Flexicom would also go on the market.
Within a year Eircom could be reduced to a fixed line telephony business offering a range of services like TV, interactive services, internet and data down a phone line.
``A cautious sum of the parts (valuation) indicates a minimum value of euro 3.60,`` stockbrokers ABN AMRO calculate in their latest Irish Equity Research. However, this valuation is made on the going concern rather than on a takeover basis which would be expected to entail some premium.
A sale of Eircell to Vodafone would also remove the need to hold a secondary placing to dispose of some or all of the Comsource stake in Eircom.
Eircom shares closed on Friday evening at euro 2.46 - representing a 37pc decline on the launch price of euro 3.90.
By JIM AUGHNEY
THE 500,000 Eircom shareholders who have seen their investment fall by 37pc since July 1999 could recoup most if not all of that loss if talks on the sale of the Eircell mobile phone subsidiary to UK mobile giant Vodafone are successfully concluded.
An Eircell sale would be the catalyst for breaking up Eircom and releasing the sum of its parts valuation.
Following the collapse in the Eircom share price and the verbal roasting meted out to management and directors at the agm, the Eircom board is likely to favour selling Eircell in a manner which would bring immediate value to the long suffering shareholders.
``The board would be keen to give value back to shareholders and it is unlikely that cash would be payable directly to Eircom,`` one commentator noted.
Vodafone has been one of the more aggressive acquirers of mobile phone businesses in the world and as a result is now the largest international cellular phone company. Like many telecoms companies its shares are now at a low level.
``A cash or share option is the most likely outcome of talks between Vodafone and Eircom,`` one Dublin analyst said yesterday. This would entail shareholders having to decide between receiving a significant amount of cash per share which would recoup much of their investment or alternatively shares in Vodafone.
A successful deal with Vodafone would also remove the technical overhang in Eircom shares caused by the desire to sell the 35pc Comsource stake by KPN and Telia. These companies could decide whether to take the cash or take shares in Vodafone which is much more liquid than Eircom.
A deal would also presage the break-up of Eircom with the sale in the first half of next year of its multi-media companies Golden Pages, the so-called white pages, eircom.net and indigo. Eircom`s investments in companies like Flexicom would also go on the market.
Within a year Eircom could be reduced to a fixed line telephony business offering a range of services like TV, interactive services, internet and data down a phone line.
``A cautious sum of the parts (valuation) indicates a minimum value of euro 3.60,`` stockbrokers ABN AMRO calculate in their latest Irish Equity Research. However, this valuation is made on the going concern rather than on a takeover basis which would be expected to entail some premium.
A sale of Eircell to Vodafone would also remove the need to hold a secondary placing to dispose of some or all of the Comsource stake in Eircom.
Eircom shares closed on Friday evening at euro 2.46 - representing a 37pc decline on the launch price of euro 3.90.
The £3.5bn bid for Eircell could cut mobile phone charges as well as the cost of handsets. It is speculated that Vodafone (LSE: VOD.L - news) is likely to pay Eircom (LSE: EIR.L - news) shareholders by giving them stock rather than cash. It is thought that shareholders will be paid the equivalent of €2.20 (£1.73) for each share they hold in Eircom. Shareholders will then own stock in both Eircom and the world`s largest cellular company. It has also emerged that Vodafone could reduce prices by between 20pc and 30pc for Eircell users as the Irish company will no longer have to pay `roaming charges`
Alfie rips Eircom apart
SHANE ROSS
WHAT should Eircom shareholders do now? First, take a bow. Why? Because five weeks ago, just as the small shareholders` campaign began to snowball, Eircom`s boss made a sudden call to Chris Gent, chief executive of Vodafone, the giant UK mobile group. Cap in hand, Kane sent an SOS to Gent: Eircell was for sale. All on its own.
It was a complete U-turn. Alfie had decided to tear Eircom apart, break it up and stop the shareholders from screaming. Give them back some value, maybe even cash.
Alfie had no option. Eircom, in its entirety, warts and all, had been for sale for over a year. No one would touch it. KPN and Telia were going ape. Their 35-per-cent holding in Eircom was an unloved albatross.
The small shareholders` revolt had hit home. It was time to surrender. Alfie waved the white flag at Vodafone. Vodafone slowly prepared to dictate surrender terms. A victory for Vodafone; and a victory for the rebels. The management was in retreat.
So small shareholders had drawn blood. What should we do now? It is great news, but we must not allow Alfie to throw away our victory to Vodafone.
Eircom`s new policy is correct; but remember, it is not voluntary. The sum of Eircom`s parts when sold was always worth more than the whole as reflected in the share price. The constant discount to asset value was due to bad management, semi-State practices, stock market disdain for an appalling board and a technical (35 per cent) share overhang; the overhang was a direct result of the market`s contempt for the board. Otherwise it would have been pounced on by willing buyers.
Now, thankfully, Eircell alone is being sold. Two questions matter to small shareholders. How much will we get for it? And what will be left of Eircom for us?
The answer to the first question is unclear. We will probably be paid in Vodafone shares, not cash. Do not believe the Eircom spin about Vodafone being the gilt-edged stock of the world`s mobiles. There is no such thing. Be careful. Vodafone`s shares have fluctuated by 40 per cent already this year. They are now down at stg£2.58 after a 52-week high of stg£4.01. They are on a massive price/earnings ratio of 130. The telecoms sector was in free fall last week. Vodafone is not the Bank of England. It pays a dividend of only 1.3 per cent. It is the biggest mobile company in the world all right a guarantee of instability.
Alfie is in danger of selling the company short because he is not approaching Chris Gent from a position of strength. Watch out for the key price per customer Vodafone is paying for Eircell`s mobile division. At a price tag of euro 4bn for Eircell, Vodafone will be paying euro 3,400 per customer. At a price tag of euro 5bn, they will be paying C4,200. Nobody expects much more.
BT paid euro 4,800 per customer for Esat`s mobile operation. Vodafone itself paid euro 9,100 per customer for the giant Mannesmann. So on the surface it looks like Alfie is selling the Eircell jewel too cheap. Certainly, the sale will be at a discount to the global telecom sector, even though Eircom sources say the average market value per customer is now euro 3,200. A price of euro 4bn represents a share level of euro 1.80 per share. A sale at euro 5bn converts to euro 2.25 per share.
Still, not a bad start if it were in cash. It will not be. It will be in Vodafone shares instead. High-risk currency. High-risk currency is fine provided we are given enough of it. And provided we can cash it in immediately. If there is any monkeying around like deferred payments or special category shares dump the offer document.
Wiser counsels than mine are suggesting that we will be given C1.80 in Vodafone stock for the sale of Eircell. What would be left in Eircom PLC? Mostly rubbish, to be honest. A case for rejoicing, not despair. I would prefer to leave Alfie in charge of Eircom`s compost than managing its crown jewel Eircell.
The key question on everyone`s lips last week was this: after Alfie has sold Eircell will the remaining rotting rubbish mostly the fixed-line business be worth enough to bring us back to our euro 3.90 price level? Adding the price of the jewel and the value of the compost together, would they push us over the euro 3.90 line?
Possibly; at a push. Provided that Eircom`s Internet and Golden Pages businesses are floated separately next year. Cash will flow in. Perhaps Eircom could give that back to shareholders too. The same wise counsels suggest a fire sale of all the entrails could leave us with euro 2.20 per share euro 4 in all.
But the wisest counsel this weekend is as follows: wait and see the terms of the deal. An EGM will be necessary. Take no notice of the fund managers` views; the clowns who only yesterday voted for the board at the AGM are now looking foolish, following the lame directors as they perform their U-turn. Tomorrow at an EGM the same clowns will happily ratify the opposite policy.
Take no notice of the directors themselves, whose knowledge of telecoms is laughable. Imagine the ``senior independent director``, DCC`s Jim Flavin of Fyffes banana fame, arguing the toss with Vodafone`s Gent, or even Dick Spring affecting an expertise in DSL. Indeed, as far as I`m concerned, a positive recommendation from the board of Eircom could be the kiss of death for the deal.
The news is good. This time next year, there will probably be no Eircom. There will be nothing for the directors to direct. Thank God. Eircom will be broken up and sold in its separate parts, to be managed by others. You and I and Eamon Dunphy have hopefully helped to force a change of direction. We might even get our money back.
This Sunday morning, other predators will be eyeing Eircom. A full bid is possible. A counter bid for Eircell is on the cards. The leak to the press of Vodafone`s intentions could flush out others.
Eircom shareholders should hold on. At long last, now that you have forced Alfie to change his foolish ways, enjoy it; pass no judgement until we see the details of the final deal. It all started with the secret approach from Alfie to Chris Gent leading up to the AGM. The new principle break up the company is long overdue. The price could still be the problem. Watch this space for a weekly update.
SHANE ROSS
WHAT should Eircom shareholders do now? First, take a bow. Why? Because five weeks ago, just as the small shareholders` campaign began to snowball, Eircom`s boss made a sudden call to Chris Gent, chief executive of Vodafone, the giant UK mobile group. Cap in hand, Kane sent an SOS to Gent: Eircell was for sale. All on its own.
It was a complete U-turn. Alfie had decided to tear Eircom apart, break it up and stop the shareholders from screaming. Give them back some value, maybe even cash.
Alfie had no option. Eircom, in its entirety, warts and all, had been for sale for over a year. No one would touch it. KPN and Telia were going ape. Their 35-per-cent holding in Eircom was an unloved albatross.
The small shareholders` revolt had hit home. It was time to surrender. Alfie waved the white flag at Vodafone. Vodafone slowly prepared to dictate surrender terms. A victory for Vodafone; and a victory for the rebels. The management was in retreat.
So small shareholders had drawn blood. What should we do now? It is great news, but we must not allow Alfie to throw away our victory to Vodafone.
Eircom`s new policy is correct; but remember, it is not voluntary. The sum of Eircom`s parts when sold was always worth more than the whole as reflected in the share price. The constant discount to asset value was due to bad management, semi-State practices, stock market disdain for an appalling board and a technical (35 per cent) share overhang; the overhang was a direct result of the market`s contempt for the board. Otherwise it would have been pounced on by willing buyers.
Now, thankfully, Eircell alone is being sold. Two questions matter to small shareholders. How much will we get for it? And what will be left of Eircom for us?
The answer to the first question is unclear. We will probably be paid in Vodafone shares, not cash. Do not believe the Eircom spin about Vodafone being the gilt-edged stock of the world`s mobiles. There is no such thing. Be careful. Vodafone`s shares have fluctuated by 40 per cent already this year. They are now down at stg£2.58 after a 52-week high of stg£4.01. They are on a massive price/earnings ratio of 130. The telecoms sector was in free fall last week. Vodafone is not the Bank of England. It pays a dividend of only 1.3 per cent. It is the biggest mobile company in the world all right a guarantee of instability.
Alfie is in danger of selling the company short because he is not approaching Chris Gent from a position of strength. Watch out for the key price per customer Vodafone is paying for Eircell`s mobile division. At a price tag of euro 4bn for Eircell, Vodafone will be paying euro 3,400 per customer. At a price tag of euro 5bn, they will be paying C4,200. Nobody expects much more.
BT paid euro 4,800 per customer for Esat`s mobile operation. Vodafone itself paid euro 9,100 per customer for the giant Mannesmann. So on the surface it looks like Alfie is selling the Eircell jewel too cheap. Certainly, the sale will be at a discount to the global telecom sector, even though Eircom sources say the average market value per customer is now euro 3,200. A price of euro 4bn represents a share level of euro 1.80 per share. A sale at euro 5bn converts to euro 2.25 per share.
Still, not a bad start if it were in cash. It will not be. It will be in Vodafone shares instead. High-risk currency. High-risk currency is fine provided we are given enough of it. And provided we can cash it in immediately. If there is any monkeying around like deferred payments or special category shares dump the offer document.
Wiser counsels than mine are suggesting that we will be given C1.80 in Vodafone stock for the sale of Eircell. What would be left in Eircom PLC? Mostly rubbish, to be honest. A case for rejoicing, not despair. I would prefer to leave Alfie in charge of Eircom`s compost than managing its crown jewel Eircell.
The key question on everyone`s lips last week was this: after Alfie has sold Eircell will the remaining rotting rubbish mostly the fixed-line business be worth enough to bring us back to our euro 3.90 price level? Adding the price of the jewel and the value of the compost together, would they push us over the euro 3.90 line?
Possibly; at a push. Provided that Eircom`s Internet and Golden Pages businesses are floated separately next year. Cash will flow in. Perhaps Eircom could give that back to shareholders too. The same wise counsels suggest a fire sale of all the entrails could leave us with euro 2.20 per share euro 4 in all.
But the wisest counsel this weekend is as follows: wait and see the terms of the deal. An EGM will be necessary. Take no notice of the fund managers` views; the clowns who only yesterday voted for the board at the AGM are now looking foolish, following the lame directors as they perform their U-turn. Tomorrow at an EGM the same clowns will happily ratify the opposite policy.
Take no notice of the directors themselves, whose knowledge of telecoms is laughable. Imagine the ``senior independent director``, DCC`s Jim Flavin of Fyffes banana fame, arguing the toss with Vodafone`s Gent, or even Dick Spring affecting an expertise in DSL. Indeed, as far as I`m concerned, a positive recommendation from the board of Eircom could be the kiss of death for the deal.
The news is good. This time next year, there will probably be no Eircom. There will be nothing for the directors to direct. Thank God. Eircom will be broken up and sold in its separate parts, to be managed by others. You and I and Eamon Dunphy have hopefully helped to force a change of direction. We might even get our money back.
This Sunday morning, other predators will be eyeing Eircom. A full bid is possible. A counter bid for Eircell is on the cards. The leak to the press of Vodafone`s intentions could flush out others.
Eircom shareholders should hold on. At long last, now that you have forced Alfie to change his foolish ways, enjoy it; pass no judgement until we see the details of the final deal. It all started with the secret approach from Alfie to Chris Gent leading up to the AGM. The new principle break up the company is long overdue. The price could still be the problem. Watch this space for a weekly update.
Eircom received bid from DT in August
by: ines38 (38/F/Innsbruck, Austria) 10/19/00 10:54 am
Msg: 807 of 808
Eircom received bid from Deutsche Telekom in August
By Eilish Lenny
Deutsche Telekom offered e5.7bn to buy Eircom (LSE: EIR.L - news) in August last, according to Business & Finance. The offer was turned down as it was below the company`s asset value. DT would have paid e2.60 per Eircom share when the shares were trading at e2.50. The offer came when the Eircom management and MD, Alfie Kane, were under media pressure over management of the company and the poor share price. NTT DoCoMo, the Japanese telecom group, is said to have also made an approach to Eircom to buy Eircell. Eircom is in talks with Vodafone (LSE: VOD.L - news) over the sale of Eircell, but the shares were badly hit on the ISEQ yesterday and if they don`t recover, it could effect the price Eircom receives from Vodafone.
by: ines38 (38/F/Innsbruck, Austria) 10/19/00 10:54 am
Msg: 807 of 808
Eircom received bid from Deutsche Telekom in August
By Eilish Lenny
Deutsche Telekom offered e5.7bn to buy Eircom (LSE: EIR.L - news) in August last, according to Business & Finance. The offer was turned down as it was below the company`s asset value. DT would have paid e2.60 per Eircom share when the shares were trading at e2.50. The offer came when the Eircom management and MD, Alfie Kane, were under media pressure over management of the company and the poor share price. NTT DoCoMo, the Japanese telecom group, is said to have also made an approach to Eircom to buy Eircell. Eircom is in talks with Vodafone (LSE: VOD.L - news) over the sale of Eircell, but the shares were badly hit on the ISEQ yesterday and if they don`t recover, it could effect the price Eircom receives from Vodafone.
Eircom buys 49% of Limerick-based firm
By Eilish Lenny
Eircom (LSE: EIR.L - news) has bought 49% of an Irish SAP consulting and outsourcing company for e1.65m. Its stake in Beacon Integrated Solutions marks Eircom`s initial entry into the Application Service Provision market from its data centres, according to Eric Crowley, head of investor relations. Beacon is a private company set up in 1998 and is based in Limericks National Technology Park
By Eilish Lenny
Eircom (LSE: EIR.L - news) has bought 49% of an Irish SAP consulting and outsourcing company for e1.65m. Its stake in Beacon Integrated Solutions marks Eircom`s initial entry into the Application Service Provision market from its data centres, according to Eric Crowley, head of investor relations. Beacon is a private company set up in 1998 and is based in Limericks National Technology Park
In Irland hat der Ex-Monopolist Eircom immer noch 80 Prozent der Festnetzkunden unter Vertrag. Der Konzern ist gerade dabei, sich in völlig selbstständige Einzelsparten aufzuspalten. Für die Mobilfunktochter Eircell interessiert sich der der britisch-amerikanische Konzern Vodafone-Airtouch. Für das Festnetz bietet der irische Telekom-Unternehmer Denis O´Brien, der Eircom etwas 2,2 Mrd. £ dafür bezahlen möchte und glaubt, mit der großen Kundenzahl noch ein Geschäft machen zu können. Allerdings ist Irland nach Aussage von Analysten ein Sonderfall, da dort wegen der geringen Größe des Marktes kein besonders scharfer Wettbewerb auf dem Festnetz der Insel entstanden ist.
Ähnlich sieht es in Großbritannien aus, wo der ehemalige Staatskonzern British Telecom (BT) noch knapp 70 Prozent der Festnetzkunden auf sich vereint. Eine Zahl, die ständig abnimmt, auch wenn BT mit dem Slogan wirbt: "Tausende kommen jeden Tag zurück."
Eine Aufspaltung in wirtschaftlich völlig unabhängige Bestandteile legen Branchenfachleute auch dem britischen Ex-Monopolisten nahe. Schließlich steht BT mit rund 40 Mrd. $ bei Banken und Anleihezeichnern in der Kreide und benötigt dringend Geld. Am schnellsten könnte dies aus den Börsengängen einzelner Unternehmensteile eingenommen werden. An der teilweisen Abspaltung der Mobilfunktochter oder der Gelben Seiten wird bereits im BT-Hauptquartier gearbeitet.
http://www.ftd.de/tm/tk/FTDSE4SFZEC.html?nv=se
Ähnlich sieht es in Großbritannien aus, wo der ehemalige Staatskonzern British Telecom (BT) noch knapp 70 Prozent der Festnetzkunden auf sich vereint. Eine Zahl, die ständig abnimmt, auch wenn BT mit dem Slogan wirbt: "Tausende kommen jeden Tag zurück."
Eine Aufspaltung in wirtschaftlich völlig unabhängige Bestandteile legen Branchenfachleute auch dem britischen Ex-Monopolisten nahe. Schließlich steht BT mit rund 40 Mrd. $ bei Banken und Anleihezeichnern in der Kreide und benötigt dringend Geld. Am schnellsten könnte dies aus den Börsengängen einzelner Unternehmensteile eingenommen werden. An der teilweisen Abspaltung der Mobilfunktochter oder der Gelben Seiten wird bereits im BT-Hauptquartier gearbeitet.
http://www.ftd.de/tm/tk/FTDSE4SFZEC.html?nv=se
EIRCOM,EIRCOM,EIRCOM. WAKEE, WAKEEEEE (EIR)
Click here for related discussions
mcgorrey - 21 Oct`00 - 22:02
Are you loosing 20%, 30%,40%, whatever on Tech stocks, then this is a gift to turn it in one week.
Eircom is in talks with Vodafone about a takeover of their mobile wing Eircell. People in the know say that the deal has been done. the deal is 1VOD share for every Eircell share, which =240 per share. that leaves the rest of Eircom consertavely valued at 190 euros Total=430 euros Friday close See Sunday press and DYOR.
Yes thank God i hold.
SMG.
Click here for related discussions
mcgorrey - 21 Oct`00 - 22:02
Are you loosing 20%, 30%,40%, whatever on Tech stocks, then this is a gift to turn it in one week.
Eircom is in talks with Vodafone about a takeover of their mobile wing Eircell. People in the know say that the deal has been done. the deal is 1VOD share for every Eircell share, which =240 per share. that leaves the rest of Eircom consertavely valued at 190 euros Total=430 euros Friday close See Sunday press and DYOR.
Yes thank God i hold.
SMG.
Eircom move bodes
well for share price
The news that Eircom had placed down a deposit of £50 million sterling (euro 82 million) to enter the bidding process for a UK third generation mobile phone licence (UMTS) has as yet had a limited impact on sentiment towards the stock. Analysts expect the sale of five licences to net the British government up to £5 billion. Eircom is one of 13 bidders that includes some of the giants of the industry including BT, Vodafone Airtouch and the huge Japanese finance house, Nomura Bank.
Investors in Eircom have seen the company`s share price improve in recent months although the rise still pales in comparison with other European telcoms. For example, the Telecom`s sector of the Dow Jones Stoxx Index has risen by more than 50 per cent in the past three months and some companies such as KPN of the Netherlands have seen a doubling in their share prices.
The table highlights that the big are getting bigger in the telecoms sector due to a combination of rising share prices and merger and acquisition activity. The size gap in terms of market capitalisation between companies such as Eircom and Portugal Telecom on the one hand and the industry giants on the other hand grows ever wider. Against such heavyweight competition the chances of Eircom succeeding in getting one of the UMTS licences must be considered low.
However, it has presumably entered the process in order to position itself to enter into partnership with other interested parties. It is expected that the total investment required for even one of the smaller licences on offer could amount to more than £1 billion.
It is certainly a positive development that Eircom is seeking to expand out of the home market. More importantly, a successful expansion into the faster growing mobile sector offers the prospects of providing the company with a more attractive mix of mobile and fixed telephone assets.
For the majority of the incumbent telecom companies, revenues from the fixed line businesses are expected to be at best static in coming years. In practice the likelihood is that increased competition will force revenues down. Eircom still earns the bulk of its revenues from its fixed-line business despite the rapid growth achieved by Eircell. Therefore, the implementation of a successful strategy into a niche position in the overseas mobile market is vital for the future prospects of the company.
Although Eircom`s share price is now a healthy 20 per cent above the issue price, its shares are still trading at a much lower rating than its European peers. For example, Eircom`s priceearnings ratio (P/E) of 25 compares with the P/E of 35 enjoyed by BT and the P/E of more than 70 attributed to Vodafone Airtouch. The premium rating enjoyed by Vodafone, which runs the largest mobile network in the world, reflects the much higher growth prospects that are forecast for mobile telecommunications.
For the army of small investors which has continued to hold its Eircom shares the prospects of further capital appreciation now seem quite good. If there is a successful outcome to the placing of the KPN stake, and if Eircom`s UK ambitions begin to advance, the shares could well be re-rated by the market.
well for share price
The news that Eircom had placed down a deposit of £50 million sterling (euro 82 million) to enter the bidding process for a UK third generation mobile phone licence (UMTS) has as yet had a limited impact on sentiment towards the stock. Analysts expect the sale of five licences to net the British government up to £5 billion. Eircom is one of 13 bidders that includes some of the giants of the industry including BT, Vodafone Airtouch and the huge Japanese finance house, Nomura Bank.
Investors in Eircom have seen the company`s share price improve in recent months although the rise still pales in comparison with other European telcoms. For example, the Telecom`s sector of the Dow Jones Stoxx Index has risen by more than 50 per cent in the past three months and some companies such as KPN of the Netherlands have seen a doubling in their share prices.
The table highlights that the big are getting bigger in the telecoms sector due to a combination of rising share prices and merger and acquisition activity. The size gap in terms of market capitalisation between companies such as Eircom and Portugal Telecom on the one hand and the industry giants on the other hand grows ever wider. Against such heavyweight competition the chances of Eircom succeeding in getting one of the UMTS licences must be considered low.
However, it has presumably entered the process in order to position itself to enter into partnership with other interested parties. It is expected that the total investment required for even one of the smaller licences on offer could amount to more than £1 billion.
It is certainly a positive development that Eircom is seeking to expand out of the home market. More importantly, a successful expansion into the faster growing mobile sector offers the prospects of providing the company with a more attractive mix of mobile and fixed telephone assets.
For the majority of the incumbent telecom companies, revenues from the fixed line businesses are expected to be at best static in coming years. In practice the likelihood is that increased competition will force revenues down. Eircom still earns the bulk of its revenues from its fixed-line business despite the rapid growth achieved by Eircell. Therefore, the implementation of a successful strategy into a niche position in the overseas mobile market is vital for the future prospects of the company.
Although Eircom`s share price is now a healthy 20 per cent above the issue price, its shares are still trading at a much lower rating than its European peers. For example, Eircom`s priceearnings ratio (P/E) of 25 compares with the P/E of 35 enjoyed by BT and the P/E of more than 70 attributed to Vodafone Airtouch. The premium rating enjoyed by Vodafone, which runs the largest mobile network in the world, reflects the much higher growth prospects that are forecast for mobile telecommunications.
For the army of small investors which has continued to hold its Eircom shares the prospects of further capital appreciation now seem quite good. If there is a successful outcome to the placing of the KPN stake, and if Eircom`s UK ambitions begin to advance, the shares could well be re-rated by the market.
Eircom shareholders` safety net
Stakeholders will be offered protection against any fall in the Vodafone share price if they accept the swap, says Shane Ross
DENIS O`BRIEN, the man leading the bid for Eircom`s fixed-line business, has been in talks with KPN and Telia (the Comsource Group) with a view to purchasing their 35 per cent stake in Eircomoutright.
Meanwhile it has emerged that Eircom shareholders are to be offered protection against any fall in the price of shares in Vodafone if they accept the UK company`s stock in return for their stake in Eircell.
If O`Brien can reach agreement with the 35 per cent holders for the fixed-line arm of Eircom, it will almost certainly spell success for him in his overall bid. With 35 per cent of the shares in his pocket, it is likely that the former chairman of Esat would easily capture another 15 per cent to give him the necessary majority.
Eircom sources remained adamant last night that if O`Brien`s e-Island consortium is to succeed, he will be forced to increase his current bid of euro 1 per share for the fixed-line business. A decision by KPN and Telia to sell to O`Brien at a level above euro 1 could seal the deal.
Meanwhile talks between O`Brien`s advisors Chase Manhattan, Davy, and DLJ (US) and Eircom brokers Merrill Lynch continued last week, although no direct contact has been made between the board of Eircom and O`Brien. Eircom has asked the consortium for the identity of their venture capital backers and is seeking other information before making a formal response.
The Sunday Independent has also learned that Eircom is negotiating a so-called "cap and collar" deal with Vodafone to protect shareholders from wild volatility in the price of Vodafone stock after the share swap deal between the two companies is agreed. It is understood that Eircom shareholders will be offered Vodafone shares for Eircell (Eircom`s mobile division) in a deal valuing Eircell at C2.31 per share.
The "cap and collar" arrangements will take the form of Eircom shareholders not suffering loss from any initial fall in the Vodafone price during the period between the deal being agreed and trading in the shares in the market, when shareholders can sell for cash. Eircom investors will only be protected against a limited fall (of probably 10 per cent) and will have to take losses if Vodafone shares slide below this 10 per cent point.
On the upside, they will forego initial gains (also 10 per cent)in the Vodafone price and benefit from any increase in the share price beyond this level. Shares in Vodafone have fluctuated between stg£4.01 and stg£2.23 sterling over the last 52 weeks.
In a separate development, some 10,000 Eircom staff and pensioners will be asked to vote on Vodafone`s takeover of Eircell within weeks. As members of the Employee Share Option Trust (Esot) they will be able to mandate their trustees to approve or defeat the takeover terms on their behalf.
The Esot holds 14.99 per cent of the entire share capital of Eircom. While this would not be enough to block a takeover, it could have an important bearing on the outcome. An EGM is not now expected until early in the New Year.
Initial indications are that Esot members will be urged to approve any deal with Vodafone. It is believed that Dick Spring, the Esot representative on the board, is backing the deal and will relay this message to the Esot trustees, headed by Con Scanlon, head of the Communications Workers Union.
Meanwhile, as Eircom ties up the final legal and tax elements of the deal with Vodafone, UK brokers Merrill Lynch have issued a circular showing that Eircom shares have topped the European Telecom Sector in the last three months.
In addition, Eircom itself, due to the recent takeover bids by Vodafone and O`Brien has outperformed the Eurotop Telecom sector since their launch in July 1999. During that period Eircom has fallen 14 per cent, while the Eurotop Index has lost 17 per cent. Any slip up in the talks with O`Brien could reverse that position dramatically.
Stakeholders will be offered protection against any fall in the Vodafone share price if they accept the swap, says Shane Ross
DENIS O`BRIEN, the man leading the bid for Eircom`s fixed-line business, has been in talks with KPN and Telia (the Comsource Group) with a view to purchasing their 35 per cent stake in Eircomoutright.
Meanwhile it has emerged that Eircom shareholders are to be offered protection against any fall in the price of shares in Vodafone if they accept the UK company`s stock in return for their stake in Eircell.
If O`Brien can reach agreement with the 35 per cent holders for the fixed-line arm of Eircom, it will almost certainly spell success for him in his overall bid. With 35 per cent of the shares in his pocket, it is likely that the former chairman of Esat would easily capture another 15 per cent to give him the necessary majority.
Eircom sources remained adamant last night that if O`Brien`s e-Island consortium is to succeed, he will be forced to increase his current bid of euro 1 per share for the fixed-line business. A decision by KPN and Telia to sell to O`Brien at a level above euro 1 could seal the deal.
Meanwhile talks between O`Brien`s advisors Chase Manhattan, Davy, and DLJ (US) and Eircom brokers Merrill Lynch continued last week, although no direct contact has been made between the board of Eircom and O`Brien. Eircom has asked the consortium for the identity of their venture capital backers and is seeking other information before making a formal response.
The Sunday Independent has also learned that Eircom is negotiating a so-called "cap and collar" deal with Vodafone to protect shareholders from wild volatility in the price of Vodafone stock after the share swap deal between the two companies is agreed. It is understood that Eircom shareholders will be offered Vodafone shares for Eircell (Eircom`s mobile division) in a deal valuing Eircell at C2.31 per share.
The "cap and collar" arrangements will take the form of Eircom shareholders not suffering loss from any initial fall in the Vodafone price during the period between the deal being agreed and trading in the shares in the market, when shareholders can sell for cash. Eircom investors will only be protected against a limited fall (of probably 10 per cent) and will have to take losses if Vodafone shares slide below this 10 per cent point.
On the upside, they will forego initial gains (also 10 per cent)in the Vodafone price and benefit from any increase in the share price beyond this level. Shares in Vodafone have fluctuated between stg£4.01 and stg£2.23 sterling over the last 52 weeks.
In a separate development, some 10,000 Eircom staff and pensioners will be asked to vote on Vodafone`s takeover of Eircell within weeks. As members of the Employee Share Option Trust (Esot) they will be able to mandate their trustees to approve or defeat the takeover terms on their behalf.
The Esot holds 14.99 per cent of the entire share capital of Eircom. While this would not be enough to block a takeover, it could have an important bearing on the outcome. An EGM is not now expected until early in the New Year.
Initial indications are that Esot members will be urged to approve any deal with Vodafone. It is believed that Dick Spring, the Esot representative on the board, is backing the deal and will relay this message to the Esot trustees, headed by Con Scanlon, head of the Communications Workers Union.
Meanwhile, as Eircom ties up the final legal and tax elements of the deal with Vodafone, UK brokers Merrill Lynch have issued a circular showing that Eircom shares have topped the European Telecom Sector in the last three months.
In addition, Eircom itself, due to the recent takeover bids by Vodafone and O`Brien has outperformed the Eurotop Telecom sector since their launch in July 1999. During that period Eircom has fallen 14 per cent, while the Eurotop Index has lost 17 per cent. Any slip up in the talks with O`Brien could reverse that position dramatically.
Kopie von yahoo msg board
Re: Hey, guys!
by: chicken1002000 11/8/00 3:18 pm
Msg: 827 of 827
Hi Johncalf,
If you can understand the details below it
will help. It`s best to think of EIR in Euros as that is what it quoted in here.
If you have these sotcks don`t sell them just yet. I`m buying them today.
There is news coming tomorrow about a counter bid to the Denis O Brien one for the landline business.
Tony O Reilly is goint to bid also for the landline business and also other pieces. It is said here that he is putting together a consortium to bid for more of the Eir business. This will increase the price in the short term for sure. It should be in tomorrows papers here.
Dollar $11
$-Punt 1.09
Punt £10.09
Punt-Euro 0.79
Euros 12.77
ADR 4
Punt Each 2.52
Euro Each 3.19
Good luck,
Re: Hey, guys!
by: chicken1002000 11/8/00 3:18 pm
Msg: 827 of 827
Hi Johncalf,
If you can understand the details below it
will help. It`s best to think of EIR in Euros as that is what it quoted in here.
If you have these sotcks don`t sell them just yet. I`m buying them today.
There is news coming tomorrow about a counter bid to the Denis O Brien one for the landline business.
Tony O Reilly is goint to bid also for the landline business and also other pieces. It is said here that he is putting together a consortium to bid for more of the Eir business. This will increase the price in the short term for sure. It should be in tomorrows papers here.
Dollar $11
$-Punt 1.09
Punt £10.09
Punt-Euro 0.79
Euros 12.77
ADR 4
Punt Each 2.52
Euro Each 3.19
Good luck,
Ireland
The Irish telecoms regulator is planning to offer four licences through a beauty contest, which is likely to go ahead in April or May 2001. One of the four licences will be reserved for a new entrant to the market.
Ireland currently has two mobile phone operators: Eircell, the mobile unit of Eircom, and Esat Digiphone, which is owned by Norway`s Telenor and British Telecom.
Meteor, a consortium that includes US company Western Wirelss and RD Communications of Ireland, has recently been awarded a third mobile licence and is due to launch services within the next few months.
Fees for the 3G licences and their duration have not yet been fixed. The duration is expected to be between 15 and 25 years.
The Irish telecoms regulator is planning to offer four licences through a beauty contest, which is likely to go ahead in April or May 2001. One of the four licences will be reserved for a new entrant to the market.
Ireland currently has two mobile phone operators: Eircell, the mobile unit of Eircom, and Esat Digiphone, which is owned by Norway`s Telenor and British Telecom.
Meteor, a consortium that includes US company Western Wirelss and RD Communications of Ireland, has recently been awarded a third mobile licence and is due to launch services within the next few months.
Fees for the 3G licences and their duration have not yet been fixed. The duration is expected to be between 15 and 25 years.
kopie von yahoo board
Re: Stay or go after sale
by: kevin_mccool 10/9/00 10:03 pm
Msg: 800 of 827
gullablenot:
My wife and I are hravily invested in the telecommunications industry in both the USA and abroad. We`ve been through several spinoffs and buyouts of wireline telcos in the western part of the USA. It is our experience that the wirelines do quite well after an initial period of adjustment, particularly if they have a large embedded base of wireline subscribers to whom they can market internet and other services.
The shares are apt to remain stagnant for six months to a year, then move upward as wireless hoopla subsides and the wireline company concentrates on wire services, DSL, etc. without having to deal with the volatility of wireless competition.
In the USA, after selling off wireless assets, the wireline telcos have been reasonably successful in reintroducing wireless service as well. After all, there will always be demand for narrowband wireless voice service, without all the bells and whistles of 3G and 4G broadband stuff.
At present we have 4,000 EIR ADRs and plan to keep EIR or the wireline component for the future potential and as a good reason to visit our historic homeland at least once a year. Just our opinion, nothing more.
Re: Stay or go after sale
by: kevin_mccool 10/9/00 10:03 pm
Msg: 800 of 827
gullablenot:
My wife and I are hravily invested in the telecommunications industry in both the USA and abroad. We`ve been through several spinoffs and buyouts of wireline telcos in the western part of the USA. It is our experience that the wirelines do quite well after an initial period of adjustment, particularly if they have a large embedded base of wireline subscribers to whom they can market internet and other services.
The shares are apt to remain stagnant for six months to a year, then move upward as wireless hoopla subsides and the wireline company concentrates on wire services, DSL, etc. without having to deal with the volatility of wireless competition.
In the USA, after selling off wireless assets, the wireline telcos have been reasonably successful in reintroducing wireless service as well. After all, there will always be demand for narrowband wireless voice service, without all the bells and whistles of 3G and 4G broadband stuff.
At present we have 4,000 EIR ADRs and plan to keep EIR or the wireline component for the future potential and as a good reason to visit our historic homeland at least once a year. Just our opinion, nothing more.
O`Reilly lines up `billionaire club` for Eircom bid
Fiona McHugh and Maeve Sheehan
SOME OF the world`s wealthiest people are expected to join Tony O`Reilly in a consortium to bid for Eircom`s fixed-line business. Ireland`s leading entrepreneur is likely to approach a number of former associates who are members of what has been nicknamed the "billionaire boys` club".
Among those who may enter the consortium is John Kluge, 86, a German-born media and telecoms magnate. The world`s richest man until he was toppled by Bill Gates, the founder of Microsoft, Kluge presides over a global telecommunications group.
Worth $13billion, he lives on an 800-acre estate in Virginia and has worked with O`Reilly on a number of projects. He owned a stake in Fitzwilton, O`Reilly`s investment holding company.
Donald Brennan, an Irish-American banker, has also been named as a possible partner. A former naval architect and investment manager at Morgan Stanley, he helped O`Reilly to rescue Waterford Crystal 10 years ago. Ann Getty, an oil baroness and publisher in San Francisco, may also get involved.
As chief executive of Heinz, O`Reilly was America`s best-paid industrialist and mixed with the cream of business society. In the past he has tended to do business with friends, most notably with Peter Goulandris, the brother of his second wife, Chryss, the Greek shipping heiress.
Kluge would be a valuable addition to an O`Reilly-led consortium. The president of Metromedia, a New York-based telephone and broadcasting company with networks in China and eastern Europe, he has a strong knowledge of the industry and wide-ranging contacts.
A spokesman for O`Reilly declined to comment on speculation that he would bid for part of Eircom. Industry sources say a consortium has not yet been formed and that it is not certain that an offer will emerge.
The prospect of a union between O`Reilly and Kluge, two of the world`s richest men, would significantly up the ante in any bidding contest for the company.
Denis O`Brien, who sold Esat Telecom, the company he founded, to BT in January for IR£1.9 billion, has already made an offer of ¤2.25 billion (£1.3 billion) for the business. In style, he differs markedly from O`Reilly, an old-school industrialist who is as polished as O`Brien is brash.
Analysts, who have long considered the fixed-line business to be Eircom`s ugly duckling, are surprised by the interest now displayed in the company. It remains overstaffed and heavily unionised, and its market share is likely to be further eroded once competitors are allowed to run lines into homes.
To raise the kind of money needed to trump O`Brien, O`Reilly will need to assemble a credible management team. Independent News & Media, his publishing company, is thought to be selling Chorus, its cable and telephone wing, partly because of the high cost of upgrading that network.
It is not clear how that move would tie in with a bid to buy Eircom`s fixed-line business. It is thought that any move by O`Reilly would be in a private capacity and not on behalf of his company.
The prospect of a battle for ownership between two of the country`s foremost businessmen is good news for shareholders. The greater the demand for the business, the higher the price it is likely to fetch, which will be reflected in the value of shares.
Fiona McHugh and Maeve Sheehan
SOME OF the world`s wealthiest people are expected to join Tony O`Reilly in a consortium to bid for Eircom`s fixed-line business. Ireland`s leading entrepreneur is likely to approach a number of former associates who are members of what has been nicknamed the "billionaire boys` club".
Among those who may enter the consortium is John Kluge, 86, a German-born media and telecoms magnate. The world`s richest man until he was toppled by Bill Gates, the founder of Microsoft, Kluge presides over a global telecommunications group.
Worth $13billion, he lives on an 800-acre estate in Virginia and has worked with O`Reilly on a number of projects. He owned a stake in Fitzwilton, O`Reilly`s investment holding company.
Donald Brennan, an Irish-American banker, has also been named as a possible partner. A former naval architect and investment manager at Morgan Stanley, he helped O`Reilly to rescue Waterford Crystal 10 years ago. Ann Getty, an oil baroness and publisher in San Francisco, may also get involved.
As chief executive of Heinz, O`Reilly was America`s best-paid industrialist and mixed with the cream of business society. In the past he has tended to do business with friends, most notably with Peter Goulandris, the brother of his second wife, Chryss, the Greek shipping heiress.
Kluge would be a valuable addition to an O`Reilly-led consortium. The president of Metromedia, a New York-based telephone and broadcasting company with networks in China and eastern Europe, he has a strong knowledge of the industry and wide-ranging contacts.
A spokesman for O`Reilly declined to comment on speculation that he would bid for part of Eircom. Industry sources say a consortium has not yet been formed and that it is not certain that an offer will emerge.
The prospect of a union between O`Reilly and Kluge, two of the world`s richest men, would significantly up the ante in any bidding contest for the company.
Denis O`Brien, who sold Esat Telecom, the company he founded, to BT in January for IR£1.9 billion, has already made an offer of ¤2.25 billion (£1.3 billion) for the business. In style, he differs markedly from O`Reilly, an old-school industrialist who is as polished as O`Brien is brash.
Analysts, who have long considered the fixed-line business to be Eircom`s ugly duckling, are surprised by the interest now displayed in the company. It remains overstaffed and heavily unionised, and its market share is likely to be further eroded once competitors are allowed to run lines into homes.
To raise the kind of money needed to trump O`Brien, O`Reilly will need to assemble a credible management team. Independent News & Media, his publishing company, is thought to be selling Chorus, its cable and telephone wing, partly because of the high cost of upgrading that network.
It is not clear how that move would tie in with a bid to buy Eircom`s fixed-line business. It is thought that any move by O`Reilly would be in a private capacity and not on behalf of his company.
The prospect of a battle for ownership between two of the country`s foremost businessmen is good news for shareholders. The greater the demand for the business, the higher the price it is likely to fetch, which will be reflected in the value of shares.
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