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Tag: danish
Telia, Telenor to merge Danish operations in joint venture
2014-12-03 08:51:00| Telecompaper Headlines
(Telecompaper) TeliaSonera and Telenor have agreed to merge their Danish operations into a new 50-50 joint venture. The two already cooperate on infrastructure sharing. Merging their business operations will create the leading operator in Denmark with 3.5 million mobile subscribers and an around 40 percent market share. The companies said the intense competitive pressure in the Danish market in recent years has limited their ability to invest. By combining their assets and customer bases, the operators expect to generate significant cost savings, freeing up cash for investment. Annual efficiency gains are estimated at at least DKK 800 million, with the full effect to be felt from 2019. The largest areas of synergy are envisaged to be distribution, sales and marketing and call centres, administrative costs, network and IT. Integration costs are expected to total DKK 800 million during 2015-2017. The new board of the company will have three representatives of each operator and a chairman agreed by both. A recruitment process will find the CEO of the joint venture. Closing of the deal is expected in 2015, pending regulatory approval from the European Commission.
Tags: operations
joint
venture
danish
CVC Said to Bid About $2 Billion for Danish Cigar Maker STG
2014-11-28 22:27:22| Appliances - Topix.net
The owners of Scandinavian Tobacco Group A/S, a Danish manufacturer of cigars, are in talks with private-equity firms about a possible sale of the company, people with knowledge of the matter said. CVC Capital Partners Ltd., Rhone Capital LLC and Pamplona Capital Management LLP, are bidding for the Copenhagen-based company, said six people, who asked not to be identified because the talks are private.
Tags: bid
billion
maker
danish
How is Danish Pig Sector Improving Welfare?
2014-11-26 01:00:00| ThePigSite - Industry News
DENMARK - The Danish pig industry is to increase the welfare practices and regulations on the farm over those being demanded by the European Union.
Tags: sector
improving
welfare
danish
Danish Pig Sector Seeks to Increase Investment
2014-11-26 01:00:00| ThePigSite - Industry News
DENMARK - Since the financial crisis of 2008, investment in the Danish pig sector has been low.
Tags: increase
investment
sector
seeks
TenCate armour systems to be used on Royal Danish Navy vessels
2014-11-26 01:00:00| Naval Technology
The Danish Acquisition and Logistics Organisation (DALO) has placed an order with TenCate Advanced Armour for the delivery of armour systems, which will be integrated onto the Royal Danish Navy's Iver Huitfeldt-class frigates and Absalon-class suppor
Tags: systems
royal
navy
danish
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