eircom Statement re Approach from O'Reilly Consortium

Apr 24, 2001, 01:00 ET from eircom plc

    DUBLIN, Ireland, April 24 /PRNewswire/ -- The Board of eircom announces
 that an approach has been received from a consortium including Providence
 Equity Partners, Soros Private Equity Partners, Warburg Pincus and Goldman
 Sachs and Sir Anthony O'Reilly (the consortium), which may or may not lead to
 an offer for the entire share capital of the company.  Any such offer would be
 conditional inter alia, on due diligence and the disposal of Eircell Limited.
     Discussions between the parties in relation to this approach are at a
 preliminary stage and there can be no assurance that these discussions will
 result in an acceptable, or any, offer for the Company.  Discussions with
 other parties are ongoing and the Board will continue to seek to maximise
 shareholder value for the benefit of all shareholders.
     A further announcement will be made when appropriate.
 
 

SOURCE eircom plc
    DUBLIN, Ireland, April 24 /PRNewswire/ -- The Board of eircom announces
 that an approach has been received from a consortium including Providence
 Equity Partners, Soros Private Equity Partners, Warburg Pincus and Goldman
 Sachs and Sir Anthony O'Reilly (the consortium), which may or may not lead to
 an offer for the entire share capital of the company.  Any such offer would be
 conditional inter alia, on due diligence and the disposal of Eircell Limited.
     Discussions between the parties in relation to this approach are at a
 preliminary stage and there can be no assurance that these discussions will
 result in an acceptable, or any, offer for the Company.  Discussions with
 other parties are ongoing and the Board will continue to seek to maximise
 shareholder value for the benefit of all shareholders.
     A further announcement will be made when appropriate.
 
 SOURCE  eircom plc