Every household should have received a registration form to subscribe for Telecom Eireann shares by now and potential buyers have six weeks to decide whether to purchase the shares.

Investors can also register by phoning 1800 715 111. This line is open every day from 8 a.m. to 11 p.m. BCP Stockbrokers estimates that Telecom Eireann will be valued at around €7 billion (£5.5 billion) when it comes to the market in June, making it the third largest company on the Irish stock market.

In a European context, the company will rank as the 16th largest in the telecommunications sector. The broker is recommending that its clients take up the share offer, predicting that it has the potential to show more than 20 per cent annual profit growth in the next three years and is well positioned to benefit from the strong growth in the Irish economy.