TDC A/S

TDC A/S
Publicly traded Aktieselskab
Traded as OMX: TDC
Industry Telecommunications
Founded 1990
Headquarters Copenhagen, Denmark
Key people
 Vagn Sørensen (Chairman), Pernille Erenbjerg (President and CEO)
Products Fixed line and mobile telephony, Internet, digital television, IT services, satellite phone, Web hosting
Revenue DKK 23.344 billion (2014)[1]
DKK 3.808 billion (2014)[1]
Profit DKK 3.228 billion (2014)[1]
Total assets DKK 74.4 billion (end 2014)[1]
Total equity DKK 18.6 billion (end 2014)[1]
Number of employees
 8,594 (FTE, end 2014)[1]
Website tdc.dk

TDC A/S (formerly Tele Danmark) is a Danish telecommunications company dating back to 1879. TDC is the largest telephone company in Denmark with 8.5 million customer relations (end of 2014[1]) within telephony, broadband, and television. The company's headquarters are located in Copenhagen. Even though the Danish home market is the primary focus of business, TDC is also represented as a market challenger in Norway, Sweden, and Finland through the business unit TDC Nordic.

Beside the parent company, the TDC-group consists of a number of subsidiaries and brands: Companymobile, Dansk Kabel TV, Fullrate, Get AS, NetDesign, Telmore, Unotel, and YouSee.

History

On 21 August 1882 Carl Frederik Tietgen took over The International Bell Telephone Company, an American-owned telephone exchange on Lille Kongensgade in Copenhagen, for DKK 200,000 and founded Kjøbenhavns Telefon Aktieselskab, KTS, later Kjøbenhavns Telefon Aktieselskab, KTAS. 21 August 1882 is therefore considered TDC’s foundation date.

In November 1990 the Danish parliament passed a law paving the way for a nationwide telecommunications provider with the aim of creating a strong Danish telco that was better able to compete in a growing international market. Tele Danmark was created as a new umbrella parent company for the existing regional telecos.

In 1995 this co-operation was taken one step further when the four regional companies were formally merged into Tele Danmark.

In 2000 Tele Danmark changed its name to TDC. At the same time it demerged into a parent holding company and a number of subsidiaries with the purpose of increasing customer focus, creating greater transparency and achieving faster time to market for products and services.

Over the past decade, TDC developed from a traditional and mainly Danish provider of landline and mobile telephony services into a Danish-based European provider of communications solutions. Deregulation of the Danish telecommunications market in 1996 created a highly competitive market. In 2004, the Danish telecommunications market was fully liberalized. TDC was partly privatized in 1994 and fully privatized in 1998, and at year-end 2004, TDC's shares were held mainly by institutions and retail investors in Denmark, the United Kingdom and the United States.

In 2006 a group of private equity firms under the banner Nordic Telephone Company (NTC) offered to buy TDC for a price of about 9.1 billion Euro. Among the group were companies such as Blackstone, Permira, Apax Partners and KKR. The company bought 88% of the shares, but failed to buy more than 90% of the shares and was thus unable to remove the company completely from the Copenhagen Stock Exchange. Also in 2006, TDC pulled out of the UK mobile telephony market, with the closure of their joint venture with EasyGroup, EasyMobile.

In 2007 TDC folded its subsidiaries back into the parent company with the exception of TDC Kabel TV, which continued as an independent legal entity in order to maintain and strengthen its core competences. To emphasise a separate identity for its cable television operations TDC Kabel TV changed its legal name to YouSee A/S on 1 October 2007.

In 2010 Nordic Telephone Company (NTC) began the process of selling its shares in TDC on the Copenhagen Stock Exchange, initially reducing its 88 percent holding of the company to less than 60 percent.[2]

In 2012 TDC had a total revenue of 26 billion DKK, and employed around 9,000 people in Denmark.

In 2014 TDC purchased the Norwegian telecommunications firm Get AS for 12.5 billion Danish crowns.[3]

Activities

TDC is organized as six main business lines:

See also

References

  1. 1 2 3 4 5 6 7 "Group Annual Report 2014" (PDF). TDC. Retrieved 20 August 2015.
  2. ↑ "Bloomberg Business". Bloomberg.com. Retrieved 29 July 2015.
  3. ↑ "Deals of the day- Mergers and acquisitions". Reuters. Retrieved 29 July 2015.
  4. ↑ "Denmark's TDC to launch unlimited business calls in Europe". Investing.com. Retrieved 10 September 2014.

External links

This article is issued from Wikipedia - version of the Wednesday, January 13, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.