S&P revises eircom view to positive

S&P said it revised the outlook for eircom Holdings (Ireland) Ltd. to positive from stable and affirmed its B+ rating.

“We view positively eircom's recent market share gains and improved customer mix in mobile, although competitors might adopt a more aggressive stance in response,” S&P said in a press release.

The agency said it sees the company posting an adjusted EBITDA margin of more than 45%, and conversion of free operating cash flow (FOCF) at 25%-30% in 2020.

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