Surprise, surprise... Ireland’s Smart Telecom looks dumb. The Irish IP-MPLS carrier with 3G pretensions (and a licence to boot) now looks poor (click here). No surprise that it is selling the company lock stock and barrel (and debt) to Brenddan Murtagh. Who he? And why he?

Murtagh will pay €1 for this, taking on a fair whack of debt in the process. What a fantastic deal! What a deal-maker! Vodafone may also bid for these assets.

One Irish analyst calls this ‘punt capitalism’,  in deference to Ireland’s pre-euro days, athough he confesses that this might be a spoonerism. I don’t know what ‘papitalism’ might mean, but I can guess the rest.

Blimey, an article about Irish telecom trafficking that does not use the word ‘mafia’ even once! Until just then. Smart indeed. Sticky assuredly.
Jim Chalmers