The Irish telecoms group has paid very large dividends to its shareholders over the last five years while net debt has surged at the same time
Companies Analysis: Over 5 years, Eir pays €2bn to shareholders as debt balloons to €3.2bn
The latest payout brings the total amount of dividends paid by Eir to just under €2 billion since Xavier Niel, the French billionaire, became a major shareholder in the telecoms group in 2018. Since that deal, Eir, which is led by Oliver Loomes, has repeatedly paid out significant annual dividends, which peaked at €800 million in 2022.
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