TDC Agrees Sale of Invitel StakeTDC Agrees Sale of Invitel Stake

COPENHAGEN -- Today, TDC announced that it has entered into a conditional agreement with Mid Europa Partners, the Central and Eastern European investment company, on the sale of its 64.6% share in the Hungarian telecommunications company, Invitel.

Invitel (formerly known as Hungarian Telephone and Cable Corporation, HTCC) is a Hungarian-based landline operator with activities in Eastern Europe. In TDC's latest earnings release, Invitel's activities were reclassified as "discontinued operations".

"I am pleased with the solution we have now found, and am convinced that Mid Europa Partners is the right company to ensure further development at Invitel," says Henrik Poulsen, TDC's President and CEO.

TDC A/S (Copenhagen: TDC)