COPENHAGEN, Denmark, June 19, 2002 (PRIMEZONE) -- TDC (NYSE:TLD), through TDC Tele Danmark, has signed a share purchase agreement to acquire ECo Energi, Akershus Energi, Gjerma Tele and Hallingdal Kraftnett Tele's 41.7% stake in Tele Danmark Internordia in Norway. The transaction is valued at NOK 182m (DKK 182m) and increases TDC Tele Danmarks ownership to 99,97%, with the company itself and a number of current and former employees holding the remaining shares.
Tele Danmark Internordia is an Oslo based access and backbone operator providing landline, broadband and internet services in the Oslo region. The company had 2001 net revenues of NOK 353m.
"The acquisition of additional shares in Tele Danmark Internordia is a further step for TDC towards obtaining control in order to leverage cross company synergies to the benefit of our customers," says Henning Dyremose, President and CEO of TDC. "In addition, the increased ownership will make it easier for TDC to meet its strategy of serving the Nordic business customers as one market."
For further information please contact TDC Investor Relations at 45 3343 7680.
TDC is a growth and valuecreation oriented Danishbased provider of communications solutions with significant presence in selected markets in Northern and Central Europe. TDC is organized as seven main business units; TDC Tele Danmark, TDC Mobile International, TDC Internet, TDC Cable TV, TDC Directories, TDC Services and TDC Switzerland. TDC was privatized in 1994. Today, SBC Communications owns 41.6% of the shares, with the remainder 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 DK0010 253335 Sedol 5698790 Shares: New York Stock Exchange Reuters TLD.N Bloomberg TLD US One ADS represent one half common share ISIN US8723 6N1028 Sedol 2883094 CONTACT: TDC A/S Noerregade 21 0900 Copenhagen C DK-Denmark Tel: 45 33 43 76 80 www.tdc.com