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TDC reports a marginal increase in revenues in Q3 2021

8 Nov 2021

Danish telco TDC has published its financial results for the three months ended 30 September 2021, reporting a marginal 0.3% increase in revenues year-on-year to DKK4.004 billion (USD621.9 million), up from DKK3.993 billion in Q3 2020. The growth was driven mainly by the highest reported growth in service revenue since 2015. EBITDA meanwhile increased by 0.9% to DKK1.658 billion in Q3 2021, while Q3 gross profit totalled DKK2.778 billion (down by 2.9% y-o-y), mainly related to ‘legacy technologies in internet and networks and the continued decline in landline voice’. Profit for the period improved, however, to DKK212 million (up from a DKK149 million in Q3 2020), while capital expenditures in Q3 were down 24.7% y-o-y to DKK951 million, due to increased investment in 2020 in upgrading the mobile network in preparation for the 5G launch (which took place on 7 September 2020) and the swap to Ericsson equipment, as well as TDC’s fibre rollout.

In operational terms, TDC Net passed an additional 23,000 homes with fibre in Q3 2021, bringing its own fibre-optic network footprint to 460,000 homes; the operator launched fibre-optic services over the networks of Nord-Energi, Syd-Energi, Fibia and Energi-Fyn, covering an additional 750,000 homes. Elsewhere, 5G traffic now amounts to approximately 10% of total mobile data transported at TDC Net. TDC said that ‘the strong development in Consumer mobile was backed by 5G subscription sales, with more than 50% of the gross adds 5G enabled’.

Denmark, TDC (incl. Nuuday, TDC Net)

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