ST Telemedia (STT), the Singapore state-owned telecoms group, is poised to make its first acquisition outside Asia after agreeing a deal to buy Eircom, the debt-laden Irish telecoms group, reports the Financial Times. Eircom Holdings, the Irish company’s Australia-based parent, today said it had recommended to shareholders the offer made by STT in June which gives the Irish group an equity valuation of about A$67 million (US$57 million). With Eircom’s debts, the deal puts a total enterprise value of EUR4.4 billion (US$6.4 billion) on the Irish group.