US private equity fund interested in Danish telecom TDC

Neither the fund or TDC is commenting, but the rumours mill is churning

TheCopenhagenPost

Jul 8, 2016

The US private equity fund Apollo is allegedly planning to buy TDC. According to Børsen, Apollo has taken a very close look at TDC and is in the process of preparing an acquisition of the company and plans to delist it from the stock exchange. The company’s shares have only been listed for five years.

TDC’s board chairman, Vagn Sørensen, declined to comment on the rumoured deal. Apollo would also not confirm the information.

Not the first time
This is not the first time that Apollo has shown an interest in TDC. It was part of a consortium that submitted a bid for the telecom giant in 2005.

TDC ended up being sold to another consortium made up of five private equity funds, which purchased an 88 percent stake worth around 97 billion kroner.

READ MORE: Danish telecom powerhouse TDC sells Swedish subsidiary for 2.3 billion kroner

In December 2010, when the consortium put the shares up for sale, TDC was worth about 41.5 billion kroner.

Danish Intelligence Service: Threat from Russia has intensified

In the internal Danish waters, Russia will be able to attack underwater infrastructure from all types of vessels. The target could be cables with data, electricity and gas, assesses the Danish Defense Intelligence Service
Denmark to explore screening citizenship applicants for anti-democratic sentiments

A few weeks after Alex Vanopslagh’s comments about “right values,” the government announced that an expert committee would be established to examine the feasibility of screening citizenship applicants for anti-democratic attitudes.
The Future Copenhagen

The municipality plan encompasses building 40,000 houses by 2036 in order to help drive real estate prices down. But this is not the only huge project that will change the shape of the city: Lynetteholmen, M5 metro line, the Eastern Ring Road, and Jernbanebyen will transform Copenhagen into something different from what we know today
It’s not you: winter depression is affecting many people

Many people in Denmark are facing hard times marked by sadness, anxiety, and apathy. It’s called winter depression, and it’s a widespread phenomenon during the cold months in Nordic countries.
Crime rates are rising, but people are safer

Crime in Denmark is increasing for the second consecutive year, but it is more focused on property, while people appear to be safer than before. Over the past year, there were fewer incidents of violence
Novo Nordisk invests 8.5 billion DKK in new Odense facility

Despite Novo’s announcement that its growth abroad will be larger than in Denmark, the company announced this morning an 8.5 billion DKK investment for a new facility in Odense. This is the first time the company has established a new production site in Denmark this century.

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Career

Internationals are more highly educated than Danes

Internationals living in Denmark have a significantly higher percentage of university degrees than Danes, while the latter excel in vocational training. Among those currently in education, internationals and their descendants show a strong dedication to studying.
Employment levels for internationals are much lower than those of Danes

The Copenhagen Post explored Immigrants in Denmark 2024, the annual report published by Statistics Denmark, which clearly states that having a job in Denmark is much rarer for non-Danish foreigners.
Denmark has highest share of knowledge intensive workers in Nordics

Denmark leads the Nordic countries in knowledge-intensive jobs, with 9.2% of its adult population employed in high-skill sectors like technology, IT, and pharmaceuticals.

Want to advertise your job with CPH Post?

Jobs