Second bidder submits bid for TDC

Danish national telecoms operator TDC has received a second bid from a private-equity consortium valuing the carrier at around USD12 billion. According to the Wall Street Journal citing anonymous sources, a group comprising BC Partners, Apollo Management, Silver Lake Partners and Cinven Group has tabled a bid for TDC along similar lines to the earlier USD12 billion offer submitted by another private-equity consortium led by Apax Partners, Permira Advisors, Blackstone Group, Kohlberg Kravis Roberts & Co and Providence Equity Partners.