TDC posts slight rise in FY revenue, EBITDA

Danish telecoms operator TDC has announced it generated revenue of DKK26.17 billion (USD4.8 billion) in the year ended 31 December 2010, representing an increase of 0.3% year-on-year. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 2.2% from DKK10.54 billion in 2009 to DKK10.77 billion a year later, while net profit in FY 2010 amounted to DKK2.89 billion, up from DKK2.73 billion in 2009. ‘This represents good performance in a difficult market,’ commented Henrik Poulsen, TDC’s president and CEO, adding: ’Thanks to the group’s strong brands, good products, skilled employees and highly developed technology platforms, we have succeeded in maintaining our position in a telecoms market where competition further intensified during the year.’ TDC invested a total of DKK3.5 billion in 2010, the vast majority of which was spent on the continued upgrading of the firm’s domestic fibre, cable and mobile infrastructure. In 2011 TDC expects to maintain its revenue in line with 2010, whereas EBITDA is expected to grow by approximately 2% compared with 2010. Towards 2020 the operator plans to invest a total of DKK25 billion in its Danish infrastructure.