COPENHAGEN, Sept. 20, 2002 (PRIMEZONE) -- Today TDC received from Deutsche Telekom (through a fully owned subsidiary) an irrevocable call option notice calling all TDC's shares in BEN for an amount of approx. EUR500m (DKK 3.7bn).
Belgacom, which is partly owned by TDC, has received a similar notice concerning its shares in BEN.
Including the effect from Belgacom, the impact on TDC earnings will be an after tax capital gain of approx. EUR375 (DKK 2.8bn).
BEN has been treated as a minority passive investment in TDC accounts since December 1, 2001.
For further information please contact TDC Investor Relations at 45 3343 7680.
TDC is a growth and valuecreation oriented Danishbased provider of communications solutions with significant presence in selected markets in Northern and Central Europe. TDC is organized as seven main business units; TDC Tele Danmark, TDC Mobile International, TDC Internet, TDC Cable TV, TDC Directories, TDC Services and TDC Switzerland. TDC was privatized in 1994. Today, SBC Communications owns 41.6% of the shares, with the remainder held by individual and institutional shareowners all over the world.
TDC listings
Shares: Copenhagen Stock Exchange Reuters TDC.CO Bloomberg TDC DC Nominal value DKK 5 ISIN DK0010 253335 Sedol 5698790 Shares: New York Stock Exchange Reuters TLD.N Bloomberg TLD US One ADS represent one half common share ISIN US8723 6N1028 Sedol 2883094