COPENHAGEN, Denmark, August 23, 2000 (PRIMEZONE) -- Tele Danmark's Board of Directors today decided to restructure the company for increased focus and growth.
The strategic background for the restructuring is Tele Danmark's strong performance track record including a transition from a purely national telecom provider into an international company offering advanced communication solutions. At the same time, Tele Danmark has achieved double-digit growth in net revenues and EBITDA since 1991 and double-digit growth in earnings per share since the IPO in 1994.
With the objective of creating a better basis for future growth, the Board of Directors has decided to restructure the company along the following five business lines with effect from October 1, 2000:
-- Communication Solutions -- Mobile -- Internet -- Cable TV -- Directories
TLD Listings Shares: Copenhagen Stock Exchange. Reuters TLD.CO. Bloomberg TLD DC. Nominal value DKK 5. ISIN DK00-1020242-3. SEDOL 4889874.
ADRs: New York Stock Exchange One ADR represents half of one ordinary share Reuters TLD.N. Bloomberg TLD US. SEC 1-12998. Half of one ordinary share. CUSIP 879242105. SEDOL 2883094.
NOTE: For the complete release, please visit: http://reports.huginonline.com/788630.pdf