COPENHAGEN -- TDC has decided to divest Talkline, TDC's mobile business in Germany, to debitel AG at a price of EUR 560m corresponding to DKK 4.2bn. The sale is expected to result in an after tax gain of approximately DKK 3.3bn.

"Talkline has been a sound investment for TDC. However, TDC has its strategic focus on the Danish and Nordic markets. Therefore, it is natural to divest the business to a telecommunication provider that is already present in the German market. The new owner is therefore able to strategically take advantage of acquiring Talkline, which is also reflected in the price we have been offered", says Jesper Theill Eriksen, Head of TDC's international activities.

Talkline is Germany's third biggest service provider (mobile business without own network) and has in total 3.8 million customers and revenue of DKK 7.7bn in 2006. TDC acquired Talkline in 1997 and the German mobile business today has approximately 850 employees. Talkline's headquarter is located in Elmshorn near Hamburg.

debitel AG is Germany's largest service provider and has in total 9 million customers and approximately 2,400 employees. debitel's headquarter is located in Stuttgart and the company has revenue of DKK 16.6bn.

TDC A/S (Copenhagen: TDC)