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Last night over 45 000 clients of Smart Telecom got their phones turned off. The network used by Smart is operated by Eircom, and it was namely this company that rendered the telecom's services nonexistent. It emerged that Smart owes Eircom millions, and Eircom has stopped hoping that it will get its money back.
Smart's problems got really serious last month, when the company announced that CEO Oisin Fanning was leaving his post and that it would review its main fields of business. Company management has fired over 100 staff members since.
Toward H1/2006 Smart lost EUR 36 million. This money was wasted on unbeneficial sponsorship and advertising campaigns.