TDC posts 2Q growth on back of mobile and broadband success

Danish telco TDC’s net income for the second quarter of 2005 grew by 42.3% to DKK 1.366 billion (EUR183.2 million), on revenues which rose 8.5% to DKK11.693 billion (EUR1.568 billion). Capital expenditure, excluding share acquisitions, grew 3.7% to DKK1.294 billion. The group’s total customer base grew by 9.8% to 14.1 million in the period, driven mainly by growth in its international mobile businesses, which reported a total of 5.275 subscribers. Its domestic mobile subscriber base reached 2.456 million, whilst the number of Danish ADSL customers grew by 28,000 to stand at 620,000. Commenting on the results, Henning Dyremose, president and CEO of TDC, said that he was pleased to report continued growth and momentum in earnings and intake of new customers in the company’s two biggest focus areas, mobile services and broadband internet access. He added that increased investment in broadband rollouts and 3G wireless networks would continue to strengthen the operator’s market position.