TeleGeography Logo

TDC will consider takeover bids

12 Aug 2014

Danish telecoms provider TDC has reportedly hinted that it would consider takeover offers as the Nordic telecommunications industry heads into a wave of tie-ups, Bloomberg reports. Pernille Erenbjerg, CFO of Denmark’s leading operator, said that mid-sized companies, including TDC, could find themselves as likely acquisition targets for bigger regional players such as Telenor and TeliaSonera. The executive was cited as saying: ‘Consolidation is a big theme in Europe for our industry. Looking at a five-year horizon, I would say that consolidation will also take place in the Nordic region, leaving fewer players… We are not actively up for sale, although as a listed company, you’re theoretically always up for sale. But we would obviously listen if there were an approach.’

Last week TDC reported a 5.5% year-on-year drop in revenue to DKK5.668 billion (USD1.02 billion) in the three months to end-June 2014, down from DKK5.999 billion in 2Q13; earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 3.2% from DKK2.431billion in 2Q13 to DKK2.354 billion in the second quarter of 2014, while gross profit declined by 4.3% to DKK4.204 billion. Further, TDC’s consumer mobile unit lost 39,000 customers during the period under review, a situation that CEO Carsten Dilling described as ‘far from satisfactory’.

Denmark, TDC (incl. Nuuday, TDC Net), TDC Group (old)

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.