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Encyclopedia > Eircom
eircom Group plc.
Image:Eircomlogo.png
Type Unlisted public limited company - owned by Babcock and Brown Limited and Eircom ESOP Trustee Limited
Founded Dublin, Ireland (1984) (as Bord Telecom Eireann plc.)
Headquarters Dublin, Ireland
Key people Rex Comb (CEO); Pierre Danon (Executive Chairman designate); Sir Anthony O'Reilly (Outgoing Chairman)
Industry Telecommunications
Products Telephone, Mobile telecommunications, Internet, burglar alarm services
Revenue €2,602m (EUR)
Employees 7,275 (2004)
Subsidiaries Meteor
Slogan Go Further
Website eircom.ie

eircom Group plc is the largest telecommunications operator in the Republic of Ireland. Image File history File links Eircom logo File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... The initials PLC after a UK or Irish company name indicate that it is a public limited company, a type of limited company whose shares may be offered for sale to the public. ... New Babcock & Brown branding Babcock & Brown (ASX: BNB) is an Australian company that is a global investment bank. ... 1984 (MCMLXXXIV) was a leap year starting on Sunday of the Gregorian calendar. ... Telecom Éireann, or formally Bord Telecom Éireann - The Irish Telecommunications Board, was created by the Postal & Telecommunications Services Act, 1983 from the Department of Posts and Telegraphs, Ireland, under the leadership of the Minister for Posts & Telegraphs. ... Pierre Danon (born 1956) is a French senior corporate executive director, presently as an advisor to JPMorgan and as Chairman of Eircom Danon undertook a degree in civil engineering from the Ecole Nationale des Ponts et Chaussees, a masters in law degree from the Faculte de Droit Paris II Assas... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Sir Anthony Tony OReilly KBE (born 7 May 1936) is an Irish businessman and one of the richest men in Ireland. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... The telephone or phone is a telecommunications device which is used to transmit and receive sound (most commonly voice and speech) across distance. ... Burglar (or intrusion), fire and safety alarms are found in electronic form today. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... For other uses, see Euro (disambiguation) or EUR (disambiguation). ... Employment is a contract between two parties, one being the employer and the other being the employee. ... In business, a subsidiary is a company controlled by another company or corporation. ... Meteor Mobile Communications Limited is a mobile telecommunications company in the Republic of Ireland. ... Look up slogan in Wiktionary, the free dictionary. ... A website (or Web site) is a collection of web pages, images, videos and other digital assets and hosted on a particular domain or subdomain on the World Wide Web. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ...


As Bord Telecom Éireann plc, the company was (until 1999) a state monopoly; as a private company it continues to dominate many telecommunications areas, its main competitors being ntl: Ireland which operates its own network, and BT Ireland (formerly Esat BT), accessed via eircom's network. eircom currently operates the fixed-line telephone network, a GSM (2.5G) mobile telephone network Meteor (acquired from AllTel (Western Wireless) in 2005) and act as an internet service provider (ISP) eircom.net. eircom also operate a property alarm installation and monitoring unit called eircom Phonewatch. eircom now has a 44% share of the Irish telecoms market. The corporate logo. ... In economics, government monopoly is a form of coercive monopoly, in which a government agency is the sole provider of a particular good or service and competition is prohibited by law. ... NTL Communications (Ireland) Limited is a cable television and MMDS company in the Republic of Ireland. ... BT Communications Ireland Limited, (formerly Esat Telecommunications Limited), is a telecommunications and internet company in the Republic of Ireland. ... Meteor Mobile Communications Limited is a mobile telecommunications company in the Republic of Ireland. ... An Internet service provider (abbr. ...

Contents

Services

eircom operate the largest fixed-line telecommunications network in the Republic of Ireland, under licence from the Commission for Communications Regulation. Most homes and businesses in the state are connected by this network. A full range of telecommunications services is provided on the network including Business IP, its MPLS platform. Their ISP division, eircom net, provides dial-up services, as well as broadband (see broadband roll-out, below) services. eircom Phonewatch provides burglar alarm and home monitoring services. The Commission for Communications Regulation (ComReg) is the general communications regulator for the Republic of Ireland, covering almost all possible types of communications. ... MPLS is a common abbreviation for Multiprotocol Label Switching. ... Burglar (or intrusion), fire and safety alarms are found in electronic form today. ...


eircom's mobile arm, Meteor, provides a full range of GSM-based mobile communication services throughout the Republic of Ireland. Its GSM network operates at 900mhz and 1800mhz. GPRS data services are also available. Meteor provides both bill-pay (contract) and pre-pay (non-contract)plans and has approximately 16% of the Irish mobile market, with 750,000 cellular subscribers on the Meteor Network. The company currently uses EDGE technology on its network and may be in line to receive a 3G (UMTS) licence recently removed from eircom's competitor, Smart Telecom. Meteor Mobile Communications Limited is a mobile telecommunications company in the Republic of Ireland. ... Not to be confused with Get Some Mates The Global System for Mobile Communications (GSM) is the most popular standard for mobile phones in the world. ... General Packet Radio Service (GPRS) is a mobile data service available to users of GSM mobile phones. ... // Look up Edge in Wiktionary, the free dictionary. ... It has been suggested that Evolution to 3G be merged into this article or section. ... Smart Telecom (AIM:SMR) is an Irish telecom operator that started as a phone card seller. ...


As an operator with significant market power, eircom is required to provide a number of wholesale products to other operators and to switch calls onto other phone networks. Many broadband products offered by other operators are resales of the eircom product.


eircom has been subject to much criticism in the performance of its activities. See the criticism section below for more details.


History

The company was formed in 1984 as Bord Telecom Éireann, under the Posts and Telecommunications Act 1983. This article deals mainly with the post-privatisation eircom. For details of the company during its time as a state-sponsored body, see the Telecom Éireann article. 1984 (MCMLXXXIV) was a leap year starting on Sunday of the Gregorian calendar. ... A State-Sponsored Body is the name given in the Republic of Ireland to a state owned enterprise (or government owned corporation), that is to say, a commercial company which is benficially owned, either completely or majority, by the Irish Government. ... The corporate logo. ...


Privatisation

Due to EU laws requiring the opening up of the Irish telecommunications market, Telecom Éireann was privatised, this was very controversial and subject to much debate. The process began in 1995, and by July 1999 the government had disposed of virtually all of its shareholding [1]. eircom plc was then floated on the Irish Stock Exchange, London Stock Exchange, and New York Stock Exchange on July 8, 1999 and small/first-time investors were encouraged by the Irish Government to buy shares. The share price was set at €3.90. It later reached a high of €4.80, a 23% increase. Those initial investors that held onto their shares until July 2000 received a 4% bonus share allocation. 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... The Irish Stock Exchange (ISE) is Irelands stock exchange and can trace its history to 1793. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange privately-owned by the NYSE Group (NYX). ... July 8 is the 189th day of the year (190th in leap years) in the Gregorian calendar, with 176 days remaining. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... The 2nd Dáil (the last elected parliament of the Irish people) delegated its governmental authority to the military authority in 1938, which continues to this day as the lawful Government of Ireland. ...


The eircom flotation is considered to have been an example of a stock market bubble — after the initial hype of the flotation died down, the stock price fell rapidly. Many of the 500,000 small investors were angered by the significant financial loss they incurred, blaming the government for not sufficiently warning them of the risks inherent in stock market investment. This may have been a factor in Mary O'Rourke, the then Minister for Public Enterprise losing her seat in the general election. A stock market bubble is a type of economic bubble taking place in stock markets, in which a wave of public enthusiasm causes an exaggerated bull market. ... Mary ORourke (born May 31, 1937), is a senior Irish politician. ... The Minister for Communications, Marine and Natural Resources is the senior minister at the Department of Communications, Marine and Natural Resources (Irish: ) in the Irish Government. ...


Disposal of Eircell, going private and refloatation

In 2001, eircom disposed of its mobile arm Eircell to Vodafone. The company was transferred to a separate entity, Eircell 2000 plc which was then sold to Vodafone via a share swoop. eircom shareholders got 1 Eircell 2000 share for 1 eircom share. The conversion rate was then 0.9478 Vodafone shares for every 2 Eircell 2000 shares. This left the eircom shareholder with not only shares in eircom, but Vodafone also. 2001 (MMI) was a common year starting on Monday of the Gregorian calendar. ... Vodafone Ireland, part of the Vodafone Group, is the largest mobile phone company in the Republic of Ireland, and was previously called Eircell. ... Vodafone Group plc is a mobile network operator headquartered in Newbury, Berkshire, England. ...


After the demerger of Eircell, eircom itself was believed to be undervalued and became the subject of a bidding war between two consortia - the E-Island consortium headed by Denis O'Brien, and the Valentia Consortium headed by Sir Anthony O'Reilly, the chairman of Independent News and Media. Eventually in June 2001 the company agreed a recommended offer of €1.27 per eircom share. eircom plc was delisted from the stock exchange, become eircom Limited, a private limited company by shares and a subsidiary of Valentia. Denis OBrien, (born April 19, 1958 in County Cork),is an Irish entrepreneur. ... Sir Anthony Tony OReilly KBE (born 7 May 1936) is an Irish businessman and one of the richest men in Ireland. ... Independent News & Media (INM) is a media organisation based in Dublin, Ireland with interests worldwide. ... 2001 : January - February - March - April - May - June - July - August - September - October - November - December Events: June 5-June 9 - Houston, Texas is devastated by flooding when Tropical Storm Allison dumps 36 inches of rain on the city. ... A limited company by shares (limited or Ltd. ...


However eircom did not remain a private company. On 19 March 2004 the company returned to the stock market (although the company being listed, eircom Group plc, was in fact a new holding company, and was registered in England and Wales rather than the Republic of Ireland). The company floated at €1.55 a share, but dipped on initial trading before recovering to trade above its float price. March 19 is the 78th day of the year in the Gregorian calendar (79th in leap years). ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


Meteor

In early 2005, several Irish newspapers reported that Meteor Mobile Communications, the third mobile phone operator, was up for sale by its owners, Western Wireless. It was considered that this afforded eircom an opportunity to re-enter the mobile communications market. On 9 July 2005 it was reported by The Irish Times that there had been three bidders for Meteor: eircom, Smart Telecom, and a consortium led by Denis O'Brien. On 14 July 2005, RTÉ News reported on their business website that Denis O'Brien had withdrawn from bidding, and that it was understood that eircom was the top bidder at €410m. On 21 July it was announced that Smart Telecom had also withdrawn, leaving eircom as the sole bidder. eircom announced the agreement to purchase it on 25 July 2005 at a cost of €420m. [2]. 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Meteor Mobile Communications Limited is a mobile telecommunications company in the Republic of Ireland. ... Western Wireless is a wireless telecommunications (i. ... July 9 is the 190th day of the year (191st in leap years) in the Gregorian Calendar, with 175 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... The Irish Times is Irelands newspaper of record, launched in the late 1850s. ... Smart Telecom (AIM:SMR) is an Irish telecom operator that started as a phone card seller. ... Denis OBrien, (born April 19, 1958 in County Cork),is an Irish entrepreneur. ... July 14 is the 195th day (196th in leap years) of the year in the Gregorian Calendar, with 170 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Corporate logo of RTÉ RTÉ News and Current Affairs is a major division of Radio Telefís Éireann responsible for news programming on television, radio and online within the Republic of Ireland. ... July 21 is the 202nd day (203rd in leap years) of the year in the Gregorian calendar, with 163 days remaining. ... July 25 is the 206th day (207th in leap years) of the year in the Gregorian calendar, with 159 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...


Swisscom approach

On 2 November 2005 it was reported that the Swiss telecommunications company, Swisscom AG, had made an approach to eircom regarding a possible takeover of the company. However on 25 November the Swiss government announced that it would use its controlling stake in Swisscom to block any foreign takeovers, effectively ending hopes of a bid. November 2 is the 306th day of the year (307th in leap years) in the Gregorian Calendar, with 59 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Swisscom AG is the leading telephone company in Switzerland. ... November 25 is the 329th (in leap years the 330th) day of the year in the Gregorian calendar. ... The Swiss Federal Council (German: , French: , Italian: , Romansh: ) is the seven-member executive council which constitutes the government as well as the head of state of Switzerland. ...


Babcock & Brown

In May 2006 it was announced that eircom is to be sold to the Australian investment group Babcock and Brown in a deal worth €2.4 billion. The Employee Share Ownership Trust, which represents workers at the company, will remain a minority shareholder. The sale was approved by shareholders on July 26, 2006, and at close of business on 17 August 2006 the shares were delisted from the Official Lists of the Irish Stock Exchange and the London Stock Exchange, ending eircom's second period on the stock markets. The same day, Phillip Nolan resigned as chief executive of eircom and on 1 September Rex Comb was officially named as the new CEO. Tony O'Reilly resigned and was replaced by Pierre Danon, previously of BT Group plc and JP Morgan Chase. New Babcock & Brown branding Babcock & Brown (ASX: BNB) is an Australian company that is a global investment bank. ... July 26 is the 207th day (208th in leap years) of the year in the Gregorian calendar, with 158 days remaining. ... For the Manfred Mann album, see 2006 (album). ... August 17 is the 229th day of the year (230th in leap years) in the Gregorian Calendar. ... For the Manfred Mann album, see 2006 (album). ... A Chief Executive Officer (CEO), or Chief Executive, is the highest-ranking corporate officer, administrator, corporate administrator, executive, or executive officer, in charge of total management of a corporation, company, organization or agency. ... September 1 is the 244th day of the year (245th in leap years) in the Gregorian calendar. ... Pierre Danon (born 1956) is a French senior corporate executive director, presently as an advisor to JPMorgan and as Chairman of Eircom Danon undertook a degree in civil engineering from the Ecole Nationale des Ponts et Chaussees, a masters in law degree from the Faculte de Droit Paris II Assas... BT Group plc (also known as British Telecommunications plc) which trades as BT (and previously as British Telecom) is the privatised UK state telecommunications operator. ... J.P. Morgan Chase & Co. ...


Competition

While eircom retains a virtual monopoly, at around 80%, on fixed line telephony in the State (the only exception being those operated by cable company NTL - Chorus previously offered wireless telephony but failed to renew their licence) it is required to allow carrier pre-selection (CPS). Introduced in Ireland in 2001, CPS allows subscribers to use an alternative provider for all their calls, without the need to dial indirect access codes or numbers, although they still receive a bill from eircom for line rental. Under a wholesale line rental scheme, it is now possible for customers, to have a single bill from an alternative provider, for example, BT Ireland, including the cost of eircom line rental, rather than continuing to receive a separate one from eircom for this cost. However, unlike the UK, where BT's competitors can now charge less than BT for line rental, it is not yet possible for operators in Ireland to buy the lines from eircom and charge their own rate for line rental, should they wish. It has been suggested that this article or section be merged with Virgin Media, Telewest and Virgin. ... Chorus Communications is a communications provider in Ireland, it offers internet, television and telephone services. ... 2001 (MMI) was a common year starting on Monday of the Gregorian calendar. ... BT Communications Ireland Limited, (formerly Esat Telecommunications Limited), is a telecommunications and internet company in the Republic of Ireland. ...


Past Criticisms of eircom

After the privatisation of eircom, the highly profitable mobile phone division, Eircell, was sold to Vodafone. Some consider this act to be asset stripping by the large investors with interests in eircom. Asset stripping is the practice of buying a company in order to sell its assets individually at a profit. ...


Ireland still lags in DSL penetration with 8% broadband penetration compared to the EU25 average of 14%[3] (Comreg, Q1 2006, Page 21).


eircom's line rental costs have increased over the years, now standing at €24.18 per month. However in the residential market, at c.$330/ppp, this is mariginally over the EU average of $300/ppp [4] (Comreg, Q1 2006, Page 15).


Broadband Roll-out

As of Q2 2006, 370,000 customers have broadband, 260,000 on DSL and the others on a mix of FWA, Cable and satellite. [5] (Comreg, Q1 2006, Page 19).


In terms of penetration over 85% of lines are currently on DSL enabled exchanges and of these over 90% can obtain DSL.[citation needed]


See also

Communications in the Republic of Ireland, including postal services run by An Post, are regulated to a large extent by the Commission for Communications Regulation (ComReg), the Minister for Communications, Marine & Natural Resources has overall responsibility for national policy and regulation. ... The following page lists Irish companies or subsidiaries according to their sector. ...

External links

  • Official site
  • ComWreck - Independent Watchdog
  • eircomTribunal
  • EircomSucks
  • Ireland Off-Line
  • eircom Broadband Trickster Programme
  • Information about the privitasation of Eircom and how shareholders felt misled

  Results from FactBites:
 
RTÉ Business: Eircom says no talks with Swisscom (280 words)
Eircom has rejected a report that it is in talks with Swiss telecoms group Swisscom about a possible takeover.
An Eircom statement said it was not currently in discussions with Swisscom or any other company in relation to a possible offer.
Eircom is currently in the process of issuing new ordinary shares to fund its acquisition of mobile operator, Meteor, for over €400m.
NOVELL CUSTOMER SHOWCASE: eircom (473 words)
Each member of the eircom call center staff needs access to up to 20 individual applications, each of which required different usernames and passwords.
eircom turned to Novell to deploy a single sign-on solution to facilitate access to network resources for its call center employees.
The solution integrates eircom’s heterogeneous networks, reduces network administration costs by removing the need to enter multiple passwords in order to access the network, and also relieves the burden on the IT helpdesk.
  More results at FactBites »

 
 

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