TDC acquires Onfone

Today, TDC signed an agreement to take over the mobile operator Onfone. To Onfone’s 170.000 customers the deal will lead to no changes beside the fact that they will be transferred to TDC’s mobile network. Onfone will continue as a separate company with Morten Strunge as CEO. Prices, terms and conditions will remain unchanged.

“We have been following Onfone closely from the sidelines, but with no plans of acquiring the company. Much to our surprise, we were presented with the prospect of a good deal a few days ago and decided to seize the opportunity,” says Henrik Poulsen, TDC’s President and CEO.

Morten Strunge, Onfone’s CEO, is pleased with the agreement with TDC:
“We want to secure our customers the best. We are therefore very pleased with the agreement that we have now entered into with a very robust group like TDC. Transferring to TDC’s network will also give our customers a better network experience.”

Onfone’s customers are currently using the Telenor network, but will be using TDC’s network in the future.

“Onfone has performed quite well and has built a strong position. They fit very well to TDC’s multi brand strategy. Onfone will like M1, Telmore and Fullrate continue as a separate company within the TDC group,” says Anders Jensen, President of TDC Consumer.

The total price for the company is expected to be approximately DKK 300m.

A telephone conference for interested journalists will be held at 10:00-11:00 at tel. no. +45 70 26 50 40. Morten Strunge, Anders Jensen and Henrik Poulsen will be available to answer questions.

More information:
TDC Press, tel. +45 70 20 35 10
Onfone, CEO Morten Strunge: +45 31 22 00 21

About Onfone
Onfone was founded in 2006 by the current CEO Morten Strunge. The primary activity of the company is sale of mobile telephony to private consumers in Denmark, where the company is the leading provider of low price flatrate subscribtions. In particular from the autumn of 2010 Onfone has had a very substantial intake of customers and by the end of April 2011 had 170.000 active mobile customers.