A PYMNTS Company

Denmark: Macquarie takes bold $6.6bn dive into Danish telecoms

By  |  February 12, 2018
Denmark: Macquarie takes bold $6.6bn dive into Danish telecoms

Denmark’s TDC A/S agreed to be bought for about 40.8 billion kroner (US$6.7 billion) by a group led by Danish pension funds, ending a week of wrangling over the future of the Nordic phone carrier, reported The Financial Times.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The offer, which has been recommended by TDC’s board after it rejected the first proposal, values the company at 40 billion Danish kroner (US$6.6 nillion).  It came after a day of drama in which Sweden’s Modern Times Group (MTG) announced that TDC’s takeover of most of its assets was being withdrawn. Telia, the Swedish telecoms operator, then confirmed it had looked at making an offer for TDC but was no longer in discussions.The deal had already been approved by MTG’s largest shareholder Kinnevik and was expected to be completed during the second half of 2018. The companies had announced that Pernille Erenbjerg, who is currently CEO of TDC Group, the largest telco in Denmark, would become CEO of the combined company with MTG Executive Vice President Anders Jensen becoming Deputy CEO.

    Full Content: Financial Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.