Telecoms company Eir said today that its owners are in talks with a potential investor seeking to take a "significant" stake in the firm.
In a short statement, the company said that its major shareholders have affirmed their "continuing commitment" to their investment in Eircom Holdings SA - which trades as Eir - for the foreseeable future.
"There can be no certainty that the discussions between the shareholders of EHSA and the potential investor will result in a transaction," the company added.
Yesterday the company reported an increase in earnings and revenues for the full financial year to the end of June.
Eir said its earnings before interest, tax and depreciation costs for the year were 4% higher at €520m. Its underlying revenue rose by 1% to €1.32 billion, before foreign exchange impacts were accounted for.
US hedge-fund Anchorage Capital has a 42% stake in the telecoms firm. Its other shareholders include Singapore's sovereign wealth fund GIC (20.6%) and US fund David Kempner (14%).