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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