Feeds

TDC buy-out expected soon

Danish telco still mum on deal

Providing a secure and efficient Helpdesk

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. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
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.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.