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TLD Tinka Resources Ltd

0.082
-0.0005 (-0.61%)
19 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Tinka Resources Ltd TG:TLD Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0005 -0.61% 0.082 0.076 0.0885 0.00 22:50:01

TDC Buys Dotcom in Sweden

09/05/2005 9:42am

PR Newswire (US)


Tinka Resources (TG:TLD)
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From Jul 2019 to Jul 2024

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TDC Buys Dotcom in Sweden COPENHAGEN, Denmark, May 9 /PRNewswire-FirstCall/ -- TDC buys Dotcom Solutions AB, an important Swedish provider of LAN infrastructure to companies, for a total price of DKK 242m on a cash and debt free basis. Dotcom strengthens TDC's position in the rapidly expanding market for IP communications solutions as well as complementing and supporting TDC's service towards Swedish and pan-Nordic corporate customers' with a need for IP/LAN solutions. Dotcom's revenues amounted to DKK 704m[1] in 2004, earnings before interest, taxes, depreciation and amortization (EBITDA) was DKK 29m and the result before financial items was DKK 21m. The company had 550 employees by the end of 2004. TDC expects the acquisition to have a positive impact on TDC's net revenues and earnings in 2005 and onwards. "The acquisition of Dotcom will strengthen our position in the fast growing market for IP-based communications solutions in the Swedish corporate market as well as in the Nordic region. Customers increasingly demand integrated IP-based communications solutions and TDC's infrastructure and service offering will benefit our current and future customers," says Martin Lippert, Executive Vice President of TDC Business. The acquisition of Dotcom AB is subject to approval by the Swedish competition authorities. For further information please contact TDC Investor Relations at +45 3343 7680. [1] Using a SEK/DKK rate of 0.82 TDC A/S Noerregade 21 0900 Copenhagen C DK-Denmark http://www.tdc.com/ Website: http://www.tdc.com DATASOURCE: TDC A/S CONTACT: TDC Investor Relations at +45-3343-7680

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