TDC Acquires Broadband Player

TDC A/S has entered into a share purchase agreement to acquire 100 percent of the share capital of Fullrate A/S

March 13, 2009

1 Min Read

COPENHAGEN -- Today, TDC announces that TDC A/S has entered into a Share Purchase Agreement to acquire 100 per cent of the share capital of Fullrate A/S.

Fullrate was founded in 2005 with the purpose of providing simple low price broadband solutions to Danish customers. Over time Fullrate has become a leading low price broadband provider and at the end of 2008 Fullrate reached 76,000 private and commercial customers equivalent to around 4 per cent of the Danish broadband market. Since February 2009, Fullrate has also been providing mobile broadband.

For 2008 Fullrate published an EBITDA of DKK 35.7m (against a published EBITDA for 2007 of DKK 15.4m) and a net revenue of DKK 181m (against a net revenue for 2007 of 91m).

The acquisition of Fullrate does not alter TDC's outlook for 2009, which were published in TDC's financial statement release dated February 5, 2009.

The acquisition of Fullrate will support TDC's position on especially the market for low price broadband solutions.

Fullrate continues as a separate legal entity within the TDC group and the current management will continue in the company.

TDC A/S (Copenhagen: TDC)

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