TDC remains steady and on course

TDC's Q3 results fulfilled expectations despite continued intense competition in the Danish telecommunications market. In the first nine months of 2012, revenue declined by 0.3% to DKK 19.6bn.

"The Interim Report published today still bears the mark of a very fiercely competitive environment. I am therefore pleased to be delivering solid results, particularly the strong developments in broadband and mobile services for residential customers," says Carsten Dilling, TDC’s President and CEO.

TDC's broadband business continues to prosper across brands and technologies with record-low PSTN churn recorded by TDC Consumers, and continuous strong results delivered within TV. The President also highlights the overall mobile business:

"We do not wish to perpetuate the short-term price war, but will focus on added value and supplementary services for our customers. That is why I'm very pleased to see that sales of our new Family Mobile package are exceeding all expectations. It is also highly satisfactory to see an increase in ARPU for the second consecutive quarter in TDC Consumer," says Carsten Dilling.

Stricter EU roaming regulation had a negative impact on Q3 results, particu-larly on the mobile business in TDC Business.

The Interim Report also shows that TDC has continued improving operating efficiency within the Group, reducing total operating expenses by 7.5% compared with Q3 2011. The total number of hours spent on fault handling fell by 19,7%, which contributed significantly to this development.

"I’m looking forward to launching TDC's 2015 Strategy on 6 November. I can also promise our customers that they have a real treat in store. With, the launch of YouBio and the build-out of our 4G network, for example, we will be further developing TDC's unique market position in the future," explains Carsten Dilling.

TDC affirms its guidance for 2012: Revenue of DKK 26.0-26.5bn and EBITDA bpi of DKK 10.3-10.5bn. As announced earlier, the total dividend for 2012 is expected to be DKK 4.6 per share.