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Telia buys Get and TDC Norway for NOK 21 billion
2018-07-17 08:25:00| Telecompaper Headlines
(Telecompaper) Telia Company said it has agreed to buy Get TDC Norway from Danish operator TDC at an enterprise value of NOK 21 billion on a cash and debt-free basis, which will result in a comprehensive supplier and a challenger in the market. The announcement comes shortly after TDC Group was taken over by a consortium of pension funds and Macquarie Infrastructure and Real Assets and decided to split up its Danish operations into network and services arms.
TDC new owners split telco in two
2018-07-02 02:00:00| Total Telecom industry news
TDC will start operating under a new structure next month as its new owners seek to separate out its infrastructure arm from the side of the business focusing on digital services. Effective 1 August, the Danish telco will create two new business units known as OpCo and NetCo. While OpCo will be a customer…read more on TotalTele.com »
TDC names Sony Ericsson ex-CEO Nordberg as board chairman from August
2018-06-18 17:18:00| Telecompaper Headlines
(Telecompaper) Danish operator TDC has announced the appointment of Bert Nordberg as chairman from 01 August. TDC was recently taken over by a consortium of pensions companies PFA Pension & Forsikringsselskab, PKA and ATP and Macquarie Infrastructure and Real Assets. Nordberg has served as chairman of Vestas since 2012 and is non-executive director of the boards of Electrolux, Saab, Skandinaviska Cellulosa (SCA) and Essity. Between 2009 and 2012, he was president and CEO of Sony Ericsson.
TDC CEO to step down by year-end as new owners plan strategy to split up Danish ops
2018-05-15 13:04:00| Telecompaper Headlines
(Telecompaper) Danish operator TDC said that group CEO and president Pernille Erenbjerg has announced her resignation no later than 31 December 2018. She will support TDC's new owners, a consortium of pension funds and Macquarie Infrastructure and Real Assets, until her replacement has been appointed. TDC added that Mike Parton will become chairman of the board of directors, following the EGM on the previous day.
Last week in telecoms: 5G, capex budgets and an offer for TDC drive share prices
2018-02-19 08:10:00| Telecompaper Headlines
(Telecompaper) It was a week of recovery, both in the general market and in the European telecoms sector. Our index gained 1.7 percent, versus +3.0 percent for the Eurostoxx 50 Index. One common theme in the recent quarterly results seems to be capex budgets increasing. Also, investors are still grappling with the consequences of satellite companies offering spectrum for 5G usage in the US. And TDC benefited one last time from Macquarie's offer, leaving the share price just below the value of the offer. Year-to-date our basket is lagging the general market.
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