TDC Switzerland acquires new business solutions arm

31 May 2005

Danish telco TDC’s Swiss unit has bought Ascom Switzerland’s business solutions division for DKK161 million (EUR21.6 million). TDC’s new asset provides LAN infrastructure and corporate integrated IP-based solutions, and puts the company into second place in the local business communications solution market. Ascom has around 1,300 business customers in Switzerland and 300 full time employees. The purchase follows recent similar moves by TDC, acquiring business market specialists NetDesign in Denmark and Dotcom in Sweden.

Switzerland, Sunrise Communications