TDC Buys Swiss Integrator

COPENHAGEN -- TDC buys Ascom business communication division, an important Swiss provider of LAN services and infrastructure to companies, for a price of DKK 161m[1]. Ascoms business communications division will be acquired through a net asset deal.

The acquisition of Ascoms business communication division will strengthen TDC's position in the rapidly expanding market for IP communications solutions as well as complementing and supporting TDC Switzerland's service towards Swiss corporate customers' with a need for IP/LAN solutions.

Closing of the acquisition is subject to certain conditions, most notably approval of the Swiss competition authorities and consent of certain major customers.

TDC A/S