20:20 Ireland managing director Fergus deBurca and former Vodafone Ireland board member Don Maher have bought 20:20 Ireland from shareholders 20:20 Mobile Group and Vodafone Ireland
20:20 Mobile Ireland has changed hands in a management buyout, with 20:20 Mobile selling its 51 per cent stake and Vodafone Ireland selling its 49 per cent stake.
20:20 Mobile Ireland managing director Fergus deBurca and former Vodafone Ireland board member Don Maher have taken the business on, and rebranded it Fnua. 20:20 Mobile and Vodafone Ireland confirmed the sales of their stakes, but refused to comment further.
It is understood Vodafone Ireland first offered its share to 20:20 Mobile as it looked to extricate itself from the joint venture.
It is unclear if deBurca and Maher have taken any commitment from Vodafone Ireland for ongoing supply to its stores as part of the deal.
See comment in Cutting Room: Making sense of 20:20 Ireland
