Singapore Technologies makes offer for BCM -report

DUBLIN, April 18 (Reuters) - Singapore Technologies Telemedia has offered around 100 million euros ($131 million) for Babcock & Brown Capital BCM.AX, the Irish Independent newspaper reported on Saturday.

An ST Telemedia spokeswoman had no immediate comment. Officials at Sydney-based BCM were not immediately available for comment.

Babcock & Brown Capital, which has a majority stake in Irish telecoms provider eircom and owns the Israeli Golden Pages, said on Thursday it had received a A$176 million ($126.9 million) offer from TaemasBridge, a group led by executives who oversaw eircom's takeover in 2006.

"It emerged that Singapore Technologies Telemedia (STT) has already tabled an offer for the fund (BCM)," the Irish Independent said citing unnamed sources.

"It is also believed that there is private equity money circling the fund but there is no indication on how serious the approaches have been," it added.

Eircom, which has more than 3 billion euros in debt, and its employees -- whose ESOT group is the second biggest stakeholder in the company after BCM -- said on Friday they opposed the approach from TaemasBridge.

Another newspaper, the Irish Times said eircom had told unions it wanted to cut 1,250 of its 7,500 jobs over the next 18 months as part of measures to reduce costs by 130 million euros, which would also include pay cuts.

Officials at eircom were not immediately available for comment.

(Reporting by Andras Gergely)