Temasek-backed Eircom applies for court protection over $4.8b debt
Eircom, the telecoms operator owned by Singaporean sovereign wealth fund Temasek, has applied for court protection to allow it to restructure its EUR3.75 billion ($4.8 billion) debt pile.
The company, which was formerly Ireland's state telecoms operator, became 65%-owned by Temasek unit ST Telemedia (STT) in 2009, when the sovereign wealth fund paid EUR140 million in equity and shares for...
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