Oireachtas Joint and Select Committees

Thursday, 17 January 2013

Public Accounts Committee

Commission for Aviation Regulation - Financial Statement 2011
Commission for Communications Regulation - Financial Statement 2011
Commission for Energy Regulation - Financial Statement 2011

12:35 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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We are all aware, as I am sure is Mr. Chisholm, of the financial status of Eircom. The most recent financial figures reported showed a loss of €1.5 billion. It recently underwent a voluntary creditor restructuring and, sadly, it has announced a very large number of job losses. Once the status is conferred upon the company, how closely if at all does the regulator engage with the company to examine whether its financial viability will impact on its ability to deliver the obligations it has given?