Tuesday, November 29, 2005

Investors Bid $12 Billion for TDC

A group of international investors managed by APAX Partners, The Blackstone Group and Kravis Kohlberg Roberts made a $12 billion cash offer to acquire TDC, the incumbent carrier in Denmark. TDC's Board of Directors has recommended shareholders to accept the offer.

TDC, which was fully privatized in 1998, has 13 million fixed line and mobile customers in Denmark and elsewhere in Europe. TDC is the largest alternative provider of Internet, data and telephone services in Switzerland and operates under the trademark sunrise. In Germany, TDC owns the company Talkline, which is the third largest provider of mobile services in Germany.http://tdc.com/