TDC Group is selling its subsidiary TDC Hosting to the Danish equity fund Maj Invest Equity. This is happening in continuation of TDC Groups overall strategy Always simpler and better which, among other things, involves streamlining its business division.
The agreement with Maj Invest Equity means that Maj Invest Equity will take over all 300 employees and other activities related to customers, suppliers and partnerships in TDC Hosting. The parties have agreed that the acquisition price will not be disclosed.
At TDC Business, we want to focus on our core business operator and integrator solutions and we have therefore decided to sell the company. In our view, through divesting the company we have created more value for TDC Group than we would have done through our continued ownership of TDC Hosting, says Marina L nning, Senior Executive Vice President of TDC Business.
TDC Hosting is an independent subsidiary in TDC Group, and supplies IT infrastructure and IT outsourcing services, both alone and in collaboration with TDC Business.
TDC Hosting already operates as an independent company, which in partnership with TDC Business provides services to a wide range of Danish enterprises. TDC Business and TDC Hosting will continue this cooperation, and are entering into a strategic partnership, and I thus have every confidence that we are putting our customers in safe hands with Maj Invest Equity as the new owner of TDC Hosting, says Marina L nning.
The change of ownership will not have any practical consequences for either customers or employees.
The transaction is conditional upon approval by the Danish competition authorities and is expected to be completed in the coming months.
For more information:
TDC press, tel. +45 70 20 35 10
More from TDC
06/02/2017
TDC Group is selling its subsidiary TDC Hosting to the Danish equity fund Maj Invest Equity. This is happening in continuation of TDC Groups overall strategy...
04/02/2017
The TDC Groups financial statements for 2016 show that the company generated revenue of DKK 21.0 billion and earnings before interest, taxes, depreciation an...
02/12/2016
The volume of data traffic in the mobile network is doubling almost every year. Danes are data-hungry and they will demand even higher speeds in the future. ...
02/11/2016
The TDC Group will present quarterly financial statements on Wednesday morning, with revenue of DKK 5.2 billion and operating profit of DKK 2.2 billion. A de...
10/08/2016
On Wednesday morning, TDC Group delivers an interim report in line with the outlook for the year. The figures for Q2 show that TDC Group is growing its custo...
21/06/2016
TDC Group has entered into an agreement with Tele2 on the sale of its Swedish subsidiary TDC Sverige AB. Tele2 will pay SEK 2.9 billion to take over TDC Sweden&...
04/05/2016
TDC Group performs as expected in Q1, and with the launch of new TV boxes in both Denmark and Norway, higher customer satisfaction as well as the completion of ...
05/02/2016
In line with its full-year guidance, in the financial statements for 2015, the TDC Group is reporting revenue of DKK 24.4bn and earnings (EBITDA) before tax, de...
27/01/2016
New strategy will over the next three years ensure our customers better connections, better solutions and better customer experiences from TDC Group. Upgrading ...
08/12/2015
For the first time, TDC Group is appointing a Senior Executive Vice President with overall responsibility for customer relations. The appointment is part of an ...
03/11/2015
TDC Group must focus even more on its existing customers to fulfil its ambitions, states Group CEO Pernille Erenbjerg in the company's earnings release for ...
27/08/2015
Better broadband. With a new technology, TDC Group is preparing to provide 1.3 million Danish households with broadband speeds of right up to 1,000 Mbit/s. Toda...
14/08/2015
Today, Pernille Erenbjerg takes over the position as Group CEO and President of TDC after Carsten Dilling. She has been employed with TDC since 2003, and since ...
07/08/2015
After a setback in 2014, TDC Group's customer satisfaction has risen significantly according to the company's earnings release for the first half of the...
24/06/2015
Copenhagen, Denmark, june 24 2015 - HBO Nordic and TDC Group, announced today a partnership that brings streaming of premium TV-series, films and documentaries ...
07/05/2015
TDC's revenue outside Denmark is continuing to grow and reached 23.5% of the company's total revenue in the first quarter of 2015. This is due mainly to...
10/04/2015
TDC customers have best mobile network in the country. This is the conclusion of a nationwide analysis of mobile coverage in Denmark carried out by the Danish T...
31/03/2015
With a nationwide upgrade of the mobile network, Denmarks largest telecom provider, TDC, has set a European record in network expansion. TDC is therefore now in...
05/02/2015
TV and home entertainment will become even more important in TDC Group, Denmark's leading telco. The company gained 76,000 new residential TV and broadband ...
15/09/2014
TDC creates Scandinavia's leading cable-TV-company
Danish TDC Group is acquiring Get AS, Norway's leading provider of premium TV and broadband, to crea...
07/08/2014
The pressure on TDC Groups revenue and gross profit persisted in the second quarter of the year, yet the Group confirms its 2014 guidance with the pay-out of in...
06/08/2014
In the autumn, about 800 employees from TDCs customer support will transfer to a new employer. TDC has contracted Sitel, a large international service provider,...
19/05/2014
TDCs and YouSees customers are the first in Denmark who can read books on their mobile phones and tablets and pay the bill via their subscriptions. This will be...
06/05/2014
TDC Group navigated the first quarter with a satisfactory development in both EBITDA and cash flows. This progress was driven by e.g. the best development in or...
29/04/2014
On Tuesday, the TDC Group and the Finnish telecom provider DNA concluded a strategic cooperation agreement for the Finnish market. Under the agreement, DNA will...
04/02/2014
TDC's Financial Statements, published today, prove that the Groups Strategy 2013-2015 is already generating solid results as the Groups seamlessly integrate...
20/01/2014
The TDC Group is preparing a new offensive move in the digital film rental market where TDC is already a market leader. The group has acquired the Danish rights...
27/11/2013
TDC, the largest Danish provider of TV & entertainment, broadband and mobile solutions, today announced as presenting partner of the Eurovision Song Contest 201...
01/11/2013
TDCs earnings remain stable due partly to its positive performance in the mobile market and reduced operating expenses. On this basis, TDC is affirming its net ...
07/08/2013
TDCs core business is reflecting positive trends in performance. As presented in the Interim Report TDC's earnings within mobility services showed improved ...
27/06/2013
The TDC Group has appointed 46-year-old Jens Aal se as Senior Executive Vice President of the newly established business line TDC Channels. An important piece h...
16/05/2013
Based on the group strategy presented in November 2012 TDC now launches a new, strong organizational setup. The new organization will further strengthen brands ...
03/05/2013
As the Interim Report published today confirms, TDC has delivered on its guidance for the first quarter of 2013. Cash flows were up by 94.3% on Q1 2012 and cust...
23/04/2013
TDC has landed its largest contract to date on the Norwegian market and its biggest ever outside Denmark. Under the terms of the contract, TDC is to supply mo...
05/02/2013
TDC's Financial Statements, published today, prove that the Groups new strategy is already generating solid results. With revenue of DKK 26.1bn and EBITDA b...
01/11/2012
TDCs Q3 results fulfilled expectations despite continued intense competition in the Danish telecommunications market. In the first nine months of 2012, revenue ...
