Nordic Telephone Company ApS Announces the Successful Completion of its Tender Offer for all TDC Shares and TDC ADSs

Nordic Telephone Company ApS Announces the Final Result Showing That NTC owns or has Received Tenders Representing 88.2% of TDC's Share Capital



COPENHAGEN, Denmark, January 25  /PRNewswire-FirstCall/ -- Nordic Telephone Company ApS's ("NTC") tender offer for all TDC Shares (CSE:TDC) and TDC ADSs (NYSE:TLD) (the "Tender Offer") expired in accordance with its terms at 06.01h Central European Time/00.01h New York City time on 20 January 2006. NTC's final count of Tender Offer acceptances confirms that the tendered shares of DKK5 each ("TDC Shares") and the American Depositary Shares, each representing one-half of one TDC Share ("TDC ADSs"), represent 88.2% of TDC's share capital.

Kurt Björklund from NTC commented, "We are very pleased with the result of the offer and the significant support from TDC shareholders. We will now start to work with the management of TDC to implement the strategy. Also, we would like to emphasize that we fully understand and appreciate TDC's importance to Danish society and look forward to working with TDC management and employees to achieve a successful future for TDC, its employees and customers."

NTC will settle and pay for the tendered TDC securities no later than 1 February 2006. The Offer Price was DKK382 per TDC Share and the U.S. dollar equivalent of DKK191 per TDC ADS in cash, without interest. Settlement and payment will be made as described in NTC's offer document dated 2 December 2005 relating to the Tender Offer (the "Offer Document"). Capitalised terms used but not defined in this announcement have the meanings assigned to them in the Offer Document. 

  Additional Information
  Possible Additional Purchases of TDC Shares


NTC may make purchases of, or otherwise acquire, TDC Shares or TDC ADSs from time to time in the open market, in private transactions, through merger or by any other means NTC considers appropriate, subject to compliance with applicable laws and regulations.

Note regarding forward-looking statements

This news release contains "forward-looking statements." Forward-looking statements may be identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "will" or words of similar meaning and include, but are not limited to, statements about the expected future business of TDC resulting from and following the proposed transaction. These statements are based on the current expectations of NTC's management, and are inherently subject to uncertainties and changes in circumstances. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are factors relating to satisfaction of the conditions to the proposed transaction, and changes in global, political, economic, business, competitive, market and regulatory forces. NTC does not undertake any obligation to update the forward-looking statements to reflect actual results, or any change in events, conditions, assumptions or other factors.

Other Information

This news release should be read in conjunction with the entire Offer Document and the other related documents described in the Offer Document including any accompanying documents. This news release does not constitute an offer or invitation to purchase any securities or a solicitation of an offer to buy any securities, pursuant to the Tender Offer or otherwise. The Tender Offer was made solely by means of the Offer Document and the documents accompanying the Offer Document (including the Form of Acceptance and the Letter of Transmittal), which contains the full terms and conditions of the Tender Offer. In the United States, NTC and the other filing parties have filed a Tender Offer Statement containing the Offer Document and other related documentation with the U.S. Securities and Exchange Commission (the "SEC") on Schedule TO and TDC has filed a Solicitation/Recommendation Statement with the SEC on Schedule 14D-9. Free copies of the Schedule TO, the Schedule 14D-9 and the other related documents in connection with this Offer are available on the SEC's website at http://www.sec.gov/. Information will be available for a period on the Copenhagen Stock Exchange website (http://www.cse.dk/) and thereafter in its password restricted database. Copies of the Offer Document are made available on NTC's website http://www.nordictelephone.dk/. The Offer Document and the related documents are available to all TDC shareholders at no charge to them. TDC shareholders are advised to read the Offer Document and the related documents because they contain important information. TDC shareholders in the United States are also advised to read the Tender Offer Statement and the Solicitation/Recommendation Statement because these documents contain important information. 

DATASOURCE: Nordic Telephone Company ApS



CONTACT:  For more information please contact: Nordic Telephone Company

ApS - Danish press, Prospect, Peter Gustafson, Tel: [phone], Fax:

[phone], E-mail: ; International press, Finsbury,

Edward Orlebar, Tel: [phone], Fax: [phone], E-mail:

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