TDC sees Q3 sales slip but reaffirms full year guidance

1 Nov 2012

TDC has revealed that third quarter revenue slipped 1.9% year-on-year to DKK6.3 billion (USD1.1 billion), while EBITDA came in at DKK2.7 billion, down 1.6% on the corresponding period last year. The telco said its sales were negatively impacted by intense competition in the Danish residential mobile market, and also suffered following the regulation of mobile termination rates (MTRs) for voice and SMS, and PSTN resale and international roaming charges, including the newly implemented EU data roaming regulation. More encouragingly, TDC’s mobile ARPU held steady, the fixed line business saw record low churn and its TV unit exhibited continuous strong results.

Commenting on the results, TDC president and CEO Carsten Dilling said: ‘The interim report published today still bears the mark of a very fiercely competitive environment. I am therefore pleased to be delivering solid results, particularly the strong developments in broadband and mobile services for residential customers.’ The telco reaffirmed its guidance for full year 2012, saying it expects revenue to reach between DKK26 billion and DKK26.5 billion, with EBITDA of DKK10.3 billion to DKK10.5 billion.

Denmark