Eircom has appointed Goldman Sachs and Morgan Stanley to explore the possibility of a return to the stock market.
Earlier this month the telecoms group said it was exploring ways to further strengthen its financial position following an examinership process in 2012 and the more recent extension of some debt maturities.
Rothschild has already been appointed as an independent financial advisor to Eircom as part of this process.
If the company was to return to the markets it would mark the third time Eircom shares had been listed on a stock exchange.
The Government floated its predecessor – Telecom Éireann – in 1999 but was taken private by the Valentia Group in 2001.
Eircom made a return to the Irish Stock Exchange in 2004 but was again delisted in 2006.