TDC weighs strategic options amid consolidation, sources say
29/09/2023 16:44
By Pablo Mayo Cerqueiro, Amy-Jo Crowley and Andres Gonzalez
LONDON, Sept 29 (Reuters) - TDC Holding A/S, Denmark's
largest telecoms company, has hired LionTree to help it explore
strategic options for the business as consolidation in the
Danish telecom market accelerates, two people familiar with
the situation told Reuters.
The group, which is 50% owned by Australia's Macquarie
MQG.AX , is conducting a strategic analysis of the business and
the Danish market, said one of the sources, who spoke on
condition of anonymity.
The move follows consolidation in the region, with
electricity and internet provider Norlys buying Swedish telecoms
operator Telia Company TELIA.ST Danish operations earlier this
year, the person said.
TDC declined to comment.
TDC's review comes five years after being taken private by a
investor consortium, which includes Danish investors
Arbejdsmarkedets Tillægspension (ATP), PFA Asset Management and
AIP Management, according to TDC's 2022 annual report.
(Reporting by Pablo Mayo Cerqueiro, Amy-Jo Crowley and Andres
Gonzalez, adittional reporting by Supantha Mukherjee in
Stockholm; Editing by Anousha Sakoui and Louise Heavens)
((Pablo.MayoCerqueiro@thomsonreuters.com;))