| GIC, the sovereign wealth fund of Singapore, is poised to buy a large minority stake in Irish telecoms group Eir, in a deal that is expected to value the former state monopoly provider at more than €3.3bn.
A deal is likely to be announced as soon as Friday morning, said people involved in the process. GIC’s arrival as a big investor would be the latest of a series of ownership changes at Eir since it was privatised as Telecom Eireann in 1999, and later became known as Eircom...............................................Full Article: Source
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