TDC Announces that Belgacom Launches IPO

TDC Announces that Belgacom Launches IPO 


COPENHAGEN, Denmark, March 3  /PRNewswire-FirstCall/ -- Belgacom, the leading
telecommunications company in Belgium, and ADSB Telecommunications B.V. today
announce details of the initial public offering of shares of Belgacom and the
listing of all Belgacom shares on Euronext Brussels before the end of March
2004, subject to market conditions.

The shares in the offering are being offered by ADSB Telecommunications B.V., a
consortium that, at the time of closing of the offering, will be owned by SBC
Communications Inc., TDC A/S and Singapore Telecommunications Limited. ADSB
intends to offer up to all of the Belgacom shares held by it at the time of
closing of the offering (other than the shares over which it will grant an
over-allotment option to the underwriters in the offering).

The price range and the maximum offering price for retail investors, as well as
other details of the offering are expected to be published in the Belgian
financial press at the latest on 8 March, when the offering period is expected
to commence.  The final offering price is expected to be published in the
Belgian financial press at the latest on 22 March with trading starting on
Euronext Brussels the same day on a "when delivered basis."

Commenting on the announcement, Lloyd Kelley, Chairman of ADSB, said: "After
eight years of successful cooperation between ADSB and Belgacom, we look forward
to the initial public offering of Belgacom as the next stage in the Company's
development and as a means for ADSB to monetise its ownership position. We are
confident that the IPO will be a success for the Company."

Commenting on the announcement, Henning Dyremose, President and CEO of TDC says:
"We are satisfied with a constructive and efficient process since October 2,
2003, when the agreement between the Belgian Government, Belgacom and ADSB
regarding the preparation of a potential IPO of ADSB's Belgacom shares were
announced and which now results in the launch of the IPO."

For further details please refer to Belgacom's press release or contact TDC
Investor Relations at [phone]. 

Web Site:  http://www.tdc.com

DATASOURCE: TDC A/S



CONTACT: TDC Investor Relations, [phone], for TDC A/S 

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