TDC Group divests its Norwegian business to Telia

Press Releases   •   Jul 17, 2018 06:06 BST

In a transaction valuing its Norwegian businesses at NOK 21.0 billion (EV/EBITDA multiple of 12.1), TDC Group divests Get and TDC Norway to Telia Company. The divestment will allow TDC Group to focus fully on delivering on the vision for the Danish business.

TDC Group changes its organisation in Denmark

Press Releases   •   Jun 28, 2018 09:30 BST

TDC Group will establish two new business units in Denmark: One unit focusing on network and digital infrastructure called NetCo, and another unit focusing on digital services and customer experiences called OpCo. There will be no changes in Get and TDC Norway.

Bert Nordberg appointed Chairman of TDC A/S

Press Releases   •   Jun 18, 2018 08:53 BST

COPENHAGEN, 18 JUNE 2018: TDC is pleased to announce the appointment of Bert Nordberg as Chairman of TDC A/S, commencing August 1st 2018.

Appointment of new board of directors of TDC A/S

Press Releases   •   May 14, 2018 13:27 BST

  • Mike Parton appointed as Chairman on an interim basis
  • Pernille Erenbjerg to step down as CEO following transition period
  • Five members elected to the new board with four employee elected members to continue
  • Marianne Rørslev Bock remains on the Board

COPENHAGEN, 14 May 2018 - Following the conclusion of the Extraordinary General Meeting (“EGM”) held today, TDC announces the election of a new board of directors, and TDC CEO Pernille Erenbjerg’s plan to step down following a transition process.

The Board will from the outset be led by Mike Parton with an ambition over time to appoint a longer term Chairman with a strong Danish presence, network and track record. At this point, Mike will step into the Vice Chairman role focusing his extensive experience on the strategic transformation of TDC. In the near term, Mike will oversee TDC to help achieve the vision of delivering high-speed internet for all households and businesses across Denmark.

Mike brings over thirty years of leading European telecommunications industry experience at the most senior management and board level. He has a developed track record of overseeing successful change, transformation and growth strategies at national and international telecommunications companies, including in Scandinavia and the UK. He is the current Chairman of Tele2 AB (“Tele2”) and having overseen its successful merger with Com Hem Holding AB (“Com Hem”), he subsequently announced his intention to step down from Tele2’s Board on 21 May 2018. Mike is also the current Chairman of Arqiva, the UK's largest independent towers company and communications infrastructure group.

Today, Pernille Erenbjerg also announced her intention to step down from the role of CEO following a transition period. Pernille will continue in her role as CEO until the end of 2018 to oversee TDC’s transition to its new long-term owners. Pernille has been CEO since end of 2015, and has been the architect and driving force behind the turn-around strategy that has taken TDC Group from double digit EBITDA decline to organic growth.

“It is a privilege to lead TDC into the next phase of its growth and mobilise its leading role in developing Denmark’s future digital infrastructure. I’d like to extend my personal gratitude to Pernille Erenbjerg for her stewardship of the Company and I look forward to working in close collaboration with Pernille and the existing management team on our plans for continued investment and focus on retail and content development, as well as the roll-out of fibre across Denmark,” said new Chairman of TDC, Mike Parton.

“As our new owners will soon embark on a new and ambitious strategy to split the company, I feel now is the right time for me to step down and start a process to pass on the baton to someone else. I feel a strong sense of duty to assure that the company undergoes this next transition phase in the best possible way, which is why I have agreed with the new Board of Directors to stay on as CEO in a transition period to help implement the new strategy and business structure,” says CEO of TDC, Pernille Erenbjerg.

“We are delighted to appoint Mike as the new Chairman of TDC as we start to realise our long-term vision for one of Denmark’s leading companies. Mike’s wealth of experience speaks for itself and we have full confidence in his ability to help oversee our transformational growth plans for TDC. In addition, we want to thank Pernille for her support during the transition period, and wish her well in her future endeavours,” said CEO of PFA, Allan Polack, on behalf of the Consortium.

Mike’s appointment is alongside the election of four new members of the Board of Directors of TDC, following which the Board of Directors consist of:

  • Marianne Bock, independent board member and Chairman Audit Committee (continuing)
  • Martin Bradley, board member and Chairman Compensation Committee (new member)
  • Nathan Luckey, board member and director of Audit, Nominations and Compensation Committee (new member)
  • Arthur Rakowski, board member, director of Audit Committee and Chairman of Nominations Committee (new member)
  • Ulrik Dan Weuder, board member and director of Nomination and Compensation Committee (new member)
  • Mogens Jensen, employee representative
  • Thomas Lech Pedersen, employee representative
  • John Schwartzbach, employee representative
  • Zanne Merethe Stensballe, employee representative

-ENDS-


Notes to Editors

Mike Parton, born 1954

Education: Trained as Chartered Management Accountant

Management duties: Chairman of the board of directors at Tele2 (to step down in May 2018). Chairman of the board of directors at Arqiva. Member of the Chartered Institute of Management Accountants.

Marianne Rørslev Bock, born 1963

Education: MSc in Business Administration and Auditing at Copenhagen Business School, 1991. State Authorised Public Accountant, 1997.

Management duties: Chief Financial Officer in Brødrene Hartmann A/S and member of the Boards of Directors of six subsidiaries hereof. Member of the Board of Directors and Chairman of the Accounting Committee of the Danish Financial Supervisory Authority. Member of the Board of Directors and member of the Compensation and Nomination Committee of Kemp & Lauritzen A/S. Member of the Board of Directors of Axel Muusfeldts Fond.

Martin Bradley, born 1971

Education: Bachelor of finance from Loughborough University

Management duties: Senior Managing Director at Macquarie Infrastructure and Real Assets (MIRA); head of European Utilities and Networks team. Chairman of the board of directors of DKT Holdings ApS, DKT Finance ApS and DK Telekommunikation ApS. Member of the board of directors of Cadent Gas Limited and Elenia Oy.

Nathan Luckey, born 1979

Education: Bachelor of Engineering (first class honors) and Bachelor of Business at the University of Technology, Sydney, Australia.

Management duties: Managing Director at Macquarie Infrastructure and Real Assets (MIRA); head of European Communications Infrastructure team. Member of the board of directors of DKT Holdings ApS, DKT Finance ApS and DK Telekommunikation ApS, Arqiva Group Limited, České Radiokomunikace a.s., Towercom a.s., INEA S.A. and Russian Towers.

Arthur Rakowski, born 1957

Education: Bachelor of Commerce, Finance degree (with Merit) at the University of New South Wales.

Management duties: Chairman of Investor Solutions Group, MEIF Investment Committee Member. Member of Macquarie’s MEIF funds Investment Committee. Member of the Global Capital Committee of the British Private Equity Association (BVCA). Member of the board of directors of DKT Holdings ApS, DKT Finance ApS and DK Telekommunikation ApS, DCT Gdansk, Green Investment Group and Macquarie Infrastructure and Real Assets (Europe). Member of the board of directors of the East London Business Alliance.

Ulrik Dan Weuder, born 1969

Education: Master of Science in Economics

Management duties: Head of Global Direct Investments, Responsible for alternative investments in ATP. CEO in Kastrup Airports Parent ApS, CEO in Copenhagen Airports Denmark Holdings ApS, CEO in Copenhagen Airports Denmark ApS, Board member and deputy chairman in Københavns Lufthavne A/S, Board member in Redexis Gas, S.A., Board member and deputy chairman in DKT Holdings ApS, DKT Finance ApS and DK Telekommunikation ApS. CEO in ATP TIM GP ApS and ATP Timberland Invest K/S, ATP Infrastructure II ApS and ATP Infrastructure III GP ApS. Chairman of the board in ATP Infrastructure Spain ApS and ATP Infrastructure II ApS. Board member in ATP Infrastructure III GP ApS, Lincoln Topco Pte. Limited, APR Energy Limited and JJ X-Ray Holding A/S.


Contacts:

TDC Press, tel. (+45) 70 20 35 10 or tdcpresse@tdc.dk

TDC Group connects Denmark, and has a clear ambition to facilitate and improve customer access to digital services and content. The company is Denmark’s preferred provider of communication and entertainment services in the home and on the move. YouSee, Telmore, Fullrate and Blockbuster provide its Danish customers with quick and easy access to a wide range of music, film and TV on all platforms, anytime and anywhere. TDC Business is creating tomorrow's growth in both large and small Danish enterprises through providing simple, digital solutions. In Norway, the TDC Group supplies mobile telephony, TV and broadband to Norwegian homes via the company Get, Norway's fastest-growing broadband provider.

Following the conclusion of the Extraordinary General Meeting (“EGM”) held today, TDC announces the election of a new board of directors, and TDC CEO Pernille Erenbjerg’s plan to step down following a transition process.

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TDC Group back on growth track

Press Releases   •   May 03, 2018 07:05 BST

TDC Group’s earnings are back to growth, and the trend in the Danish business is the best since 2010. TDC Group’s financial statements for Q1 show the effects of a wide range of strategic and structural initiatives. These three months also saw the addition of 46,000 new mobile customers.

Europe’s first fully convergent media and communications provider

Press Releases   •   Feb 01, 2018 06:31 GMT

TDC Group and MTG have entered into an agreement, whereby MTG Nordic Entertainment and MTG Studios are combined with TDC Group, thereby creating Europe’s first fully convergent media and communications provider.

Positive development in TDC Group’s mobile business

Press Releases   •   Feb 01, 2018 06:31 GMT

The financial statements for 2017 meet expectations on all parameters. The mobile business grew in 2017, EBITDA is stabilised and TDC Group maintains its market share in the TV market, which is seeing strong growth in customers’ streaming consumption.

TDC Group strengthened in third quarter

Press Releases   •   Oct 31, 2017 07:01 GMT

TDC Group has recently been strengthened after acquiring the mobile company Plenti, the launch of a new streaming and TV portfolio as well as winning the biggest mobile agreement on the Danish business market.

TDC Group acquires Plenti

Press Releases   •   Sep 11, 2017 07:20 BST

​TDC Group acquires Plenti, a local MVNO based B2C provider with 90,000 subscribers.

TDC Group financial statements meet expectations

Press Releases   •   Aug 10, 2017 07:02 BST

​The TDC Group’s financial statements for Q2 2017 meet expectations with an operating profit (EBITDA) of DKK 2.1 billion. There is continued improvement in the Danish mobile business, which has seen an increase in gross profit for the third consecutive quarter.

About TDC Group

TDC Group connects Denmark, and has a clear ambition to facilitate and improve customer access to digital services and content. The company is Denmark’s preferred provider of communication and entertainment services in the home and on the move. YouSee, Telmore, Fullrate and Blockbuster provide its Danish customers with quick and easy access to a wide range of music, film and TV on all platforms, anytime and anywhere. TDC Business is creating tomorrow's growth in both large and small Danish enterprises through providing simple, digital solutions.

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  • 0900 København C