COPENHAGEN, Denmark, Sept. 20, 2001 (PRIMEZONE) -- Today, the Danish National Telecom Agency awarded one of the 4 Danish UMTS licenses to TDC (NYSE:TLD). The price for the license is DKK 950 million, corresponding to DKK 178 per capita. The Danish price is close to the price paid for the UMTS license in Austria and far below the price paid in England and Germany. The payment of the license will be DKK 237.5 million now, and the rest will be paid in equal installments once a year over the next 10 years, corresponding to a net present value of DKK 657 million and DKK 123 per capita.
The license is valid for 20 years. The network build-out terms of the UMTS license requires coverage of 30% of the population by 2004 and 80% of the population by 2008. 80% of the population equals 50% of the geographical area of Denmark.
"The UMTS license together with our leading position for mobile services in Denmark provides a valuable platform for introducing our mobile customers to the advanced services of the future," said President and CEO Henning Dyremose.
TDC A/S
For further information please contact:
TDC Investor Relations at +45 3343 7684 or +45 3343 7689
TDC, formerly Tele Danmark, is a Danish-based European full service provider of communication solutions, organized as seven main business units; TDC Tele Danmark, TDC Mobile International, TDC Internet, TDC Switzerland, TDC Cable TV, TDC Services and TDC Directories A/S. TDC is the leading provider of communications services in Denmark, the second-largest communications provider in Switzerland and holds significant interests in a range of communications companies across Northern and Continental Europe. TDC was privatized in 1994. Today, SBC Communications owns a 41.6% stake in TDC and the remaining shares are held by individual and institutional shareowners all over the world.
TDC Listings:
Shares: Copenhagen Stock Exchange. Reuters TDC.CO. Bloomberg TDC DC. Nominal value DKK 5. ISIN DK00-10253335. SEDOL 5698790.
ADS's: New York Stock Exchange. One ADS represents half of one common share. Reuters TLD.N. Bloomberg TLD US. SEC 1-12998. Half of one common share. CUSIP 87236N102. SEDOL 2883094.