The main shareholder in Eircom - Singapore Technologies Telemedia - has declined to confirm whether it will proceed to invest in the company following the staff's acceptance of a €92m cost reduction programme.
In a statement, STT said it understood that Eircom management was still exploring various options on the balance sheet remediation, including preliminary engagement with lenders.
It said that it was therefore inappropriate for it to comment at this point.
Eircom is carrying a debt burden of €3.8 billion and has already warned that it may breach its debt covenants.
Yesterday the Communications Workers Union called on the shareholders to inject necessary investment into the company as soon as possible.
