TDC A/S announces that its 64.6% controlled subsidiary Hungarian Telephone and
Cable Corp. (“HTCC”), which was listed on the NYSE Alternext (“Alternext”), has
entered into agreements, which has effectively moved its place of establishment
from Delaware to Denmark under the name of Invitel Holdings A/S (the
“redomiciliation”). The shareholders remain the same and the company will have
listed ADSes on Alternext under symbol IHO.
Prior to the redomiciliation TDC converted its 30,000 preferred stock into
300,000 common stock of HTCC.
A separation of the company's operations is also being carried out to create an
international and a Hungarian domestic business in separate legal entities.
Finally, HTCC group has completed a refinancing of significant parts of the
debt of its subsidiaries. TDC has provided a subordinated shareholder loan of
approximately EUR 34m as part of the refinancing.
For inquiries regarding the above please contact TDC Investor Relations on +45
6663 7680 or investorrelations@tdc.dk.
TDC A/S
Teglholmsgade 1
0900 Copenhagen C
DK-Denmark
tdc.com
