COPENHAGEN, Denmark, Dec. 19, 2000 (PRIMEZONE) -- Today, the Board of diAx Holding has approved the sale of shares in diAx to Tele Danmark and the merger with sunrise. Further the Board of SBC has on November 17 approved the sale of its shares to Tele Danmark .
The Swiss Competition Commission has yesterday issued a statement that they would not object to the merger. Thereby the merger can be consummated.
Tele Danmark is pleased with the fast approvals and looks forward to exploiting the growth potential in the very attractive Swiss telecommunications market.
Tele Danmark is a Danish-based European communication solutions provider organized as five main business units: Communication Solutions, Mobile, Internet, Cable TV and Directories. Tele Danmark is the principal provider of communications services in Denmark and holds significant interests in a range of communications companies across Northern and Continental Europe. Tele Danmark A/S was privatized in 1994. Today SBC Communications owns 41.6% of the shares and the remainder are held by individual and institutional shareowners all over the world.
TLD Listings Shares: Copenhagen Stock Exchange. Reuters TLD.CO. Bloomberg TLD.DC. Nominal value DKK 5. ISIN DK00-1020242-3. SEDOL 4889874. ADRs: New York Stock Exchange One ADR represents half of one ordinary share Reuters TLD.N. Bloomberg TLD US. SEC 1-12998. Half of one ordinary share. CUSIP 879242105. SEDOL 2883094.
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CONTACT : Tele Danmark A/S,
33 43 77 77
Fax: 33 43 76 78
http://www.teledanmark.dk