COPENHAGEN, Denmark, Feb. 13, 2001 (PRIMEZONE) -- TDC Internet (NYSE:TLD) has agreed to acquire 51% of 6 Polish Internet Service companies from Softbank - a leading Polish Software and IT integration company. The purchase price is EURO 23m (DKK 171m) cash.
The companies provide Internet access, hosting and portal services to the entire Polish market. Business customers within the private and public sector dominate the customer base.
The Polish acquisition is an important step for TDC Internet towards becoming a key player in Central and Eastern Europe. The Polish Internet market holds significant growth potential and by entering the Polish Internet market now TDC Internet secures a strong position prior to deregulation of the Polish communications market planned for January 1, 2003.
The acquisition offers a very attractive business opportunity for TDC Internet and in addition significant synergies can be achieved for TDC Internet and TDC's corporate customers with Polish activities.
In 2000, the 6 companies had preliminary revenues of PLZ 33m (DKK 65m).
TDC Internet
TDC, formerly known as Tele Danmark, is a Danish-based European communication solutions provider organized as five main business units; Tele Danmark, TDC Mobile International A/S, TDC Internet A/S, TDC Cable TV A/S and TDC Directories A/S. TDC is the principal provider of communications services in Denmark and holds significant interests in a range of communications companies across Northern and Continental Europe. TDC was privatized in 1994. Today SBC Communications owns 41.6% of the shares and the remainder are held by individual and institutional shareowners all over the world.
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.