TDC mulls Com Hem bid, sources say

8 Dec 2014

Reuters reports that Denmark’s biggest telco TDC is weighing up a bid for Sweden’s leading cableco Com Hem, quoting sources familiar with the situation, although none of the parties involved would comment, including Com Hem’s private equity owner BC Partners. According to the sources TDC is sounding out banks to fund a deal that could value Com Hem at more than USD1.56 billion based on its current market price, following merger talks which started before Com Hem’s initial public offering (IPO) in June, and have continued intermittently since.

Sweden, Com Hem, TDC (incl. Nuuday, TDC Net), TDC Group (old)