Feeds

TDC buy-out expected soon

Danish telco still mum on deal

Internet Security Threat Report 2014

Danish telco TDC is within touching distance of being bought out as part of a $12bn (£7bn) take-over bid, reports the Financial Times. The paper cites unnamed sources who maintain that while the deal could still fall through even at this late stage, it does look as if TDC is about to become the latest telco to be snapped up.

A group of finance companies comprising Apax, Blackstone, Kohlberg Kravis Roberts, Permira and Providence are all chipping in to fund the take-over. An announcement is expected shortly, said the paper, although there is still a whiff of a chance that another group of investors could still have time to put together a rival bid.

Curiously, Swisscom was also recently linked with the possible take-over of TDC, although this looked to be torpedoed last week when the Swiss Government, which holds a 66 per cent stake in the telco, announced its intention to block any foreign expansion.

No one from TDC was available for comment at the time of writing. ®

Beginner's guide to SSL certificates

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.