TDC Holding A/S

Last updated

TDC Holding A/S
Company type Aktieselskab
Industry Telecommunications
Founded1990;34 years ago (1990)
Headquarters
Copenhagen
,
Denmark
Key people
Products Fixed line and mobile telephony, Internet, digital television, IT services, satellite phone, Web hosting
Revenue DKK 23.344 billion (2014) [1]
DKK 3.808 billion (2014) [1]
DKK 3.228 billion (2014) [1]
Total assets DKK 74.4 billion (end 2014) [1]
Total equity DKK 18.6 billion (end 2014) [1]
Owner Macquarie Group

PFA
PKA

ATP
Number of employees
8,594 (FTE, end 2014) [1]
Website tdcgroup.com
TDC, YouSee headquarters in Sydhavnen, Copenhagen. TDC Group May 2017.jpg
TDC, YouSee headquarters in Sydhavnen, Copenhagen.

TDC Holding A/S or TDC Group (formerly Tele Danmark Communications) is a Danish telecommunications company dating back to 1879. TDC Group is the largest telecommunications company in Denmark. The company's headquarters are located in Copenhagen.

Contents

TDC Holding is the holding company of two separate companies which were spun-off from TDC; Nuuday A/S and TDC NET A/S. All consumer related services and brands were placed under Nuuday, and the ownership and maintenance of physical infrastructure of mobile antennas as well as coax and fibre optical lines were placed under TDC NET.

History

Early History

In 1879, Kjøbenhavns By- og Hustelegraf was established by telegraph engineer Severin Lauritzen and telegraphist Th. Thaulow. The company set up private telephone lines over shorter distances, for example between offices and factories. In addition, it offered telegraph service in Copenhagen using small telegraph stations around the city that could communicate by telephone.

On 21 August 1882, Carl Frederik Tietgen acquired the Copenhagen division of International Bell Telephone Company, an American-owned telephone exchange on Lille Kongensgade in Copenhagen, for DKK 200,000 and founded Kjøbenhavns Telefon Aktieselskab (KTS), later Kjøbenhavns Telefon Aktieselskab (KTAS).

In 1927, the Post- og Telegrafvæsenet (P&T; lit. the Postal and Telegraph Service) was created as Denmark's government-run postal, telegraph and telephone service, from a merger of the Danish Post Office and the Danish Telegraph Service. Reforms to the P&T from 1986 lead to it being split into one Directorate-General and six state-owned enterprises.

Expansion and Merger

In November 1990, the Folketing passed a law that paved the way for a nationwide Danish telecom, spun out from the P&T. The company was named Tele Danmark and was the parent company for the existing regional companies (KTAS, Jydsk Telefon, Tele Sønderjylland, Fyns Telefon, and Rigstelefonen). [2] [3]

In 1995, the regional companies were merged into Tele Danmark, and the first nationwide cable TV company, Tele Danmark Kabel TV was created. [4] Five years later, in 2000, Tele Danmark changed its name to TDC. [5]

During the late 1990s and early 2000s, TDC developed from a traditional and mainly Danish provider of landline and mobile telephony services into a Danish-based European provider of communications. Deregulation of the Danish telecommunications market in 1996 created a highly competitive[ clarification needed ] market. In January 2000, TDC got a new logo with five ovals in red, yellow, green, turquoise and blue colour. In December 2000 Tele Danmark changed its name to TDC. At the same time it demerged into a parent holding company and a number of subsidiaries with the purpose of increasing customer focus, creating greater transparency and achieving faster time to market for products and services. In 2004, the Danish telecommunications market was fully liberalized. TDC was partly privatized in 1994 and fully privatized in 1998, and at year-end 2004, TDC's shares were held mainly by institutions and retail investors in Denmark, the United Kingdom and the United States.[ citation needed ]

In 2006 TDC adopted a new logo which consists of a cursive rounded-rectangle in blue colour. The text "TDC" appears in the rectangle and remind that the letter "D" is cut a little bit. A group of private equity firms under the banner Nordic Telephone Company (NTC) offered to buy TDC for a price of about 9.1 billion Euro. Among the group were companies such as Blackstone, Permira, Apax Partners and KKR. The company bought 88% of the shares, but failed to buy more than 90% of the shares and was thus unable to remove the company completely from the Copenhagen Stock Exchange. Also in 2006, TDC pulled out of the UK mobile telephone market, with the closure of their joint venture with EasyGroup, EasyMobile, [6] which had launched in 2004. [7]

In 2007, TDC folded its subsidiaries back into the parent company with the exception of TDC Kabel TV, which continued as an independent legal identity. [8] Later in the year, on 1 October 2007, TDC Kabel TV changed its name to YouSee to signal a focus on more than just TV. [9] In 2010 Nordic Telephone Company (NTC) began the process of selling its shares in TDC on the Copenhagen Stock Exchange, initially reducing its 88 percent holding of the company to less than 60 percent. [10] In 2012, TDC had a total revenue of 26 billion DKK, and employed around 9,000 people in Denmark. In 2014, TDC purchased the Norwegian telecommunications firm Get AS for 12.5 billion DKK. [11]

Recent Years

In 2016, TDC purchased Danish IT- and telecom provider Cirque A/S for an unspecified amount. [12] [13] On 1 July 2016 the TDC consumer business was merged with YouSee, migrating the entire TDC customer base of IPTV, broadband and mobile consumers to YouSee. [14] The mobile phone network continues to use the 'TDC' name, as its built by TDC Group instead of YouSee. [15] TDC Group and Modern Times Group announced on 1 February 2018 a plan for TDC Group to buy MTG Nordics to create a converged business with a new name and brand. [16] [17] A week later, a takeover bid from the Australian infrastructure group Macquarie and three Danish pension funds; PFA, PKA and ATP was leaked to the public, which TDC had rejected. [18] The consortium clarified that the proposed MTG merger was not part of their strategy. [19] In February the consortium launched an improved take-over offer, which TDC Group now recommended. [20] The proposed MTG merger was called off. [21] The consortium got EU approval for their takeover bid on 28 March 2018. [22] In early April, the consortium announced they had acquired more than 90% of the total shares of TDC Group, making a delisting possible. [23] On 20 January 2020, TDC announced that their lower-cost flanker brand Fullrate would be shut down and the customers be migrated to YouSee. [24]

See also

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References

  1. 1 2 3 4 5 6 "Group Annual Report 2014" (PDF). TDC. Retrieved 20 August 2015.
  2. ↑ Madsen, Erling. "Fjernsynets historie" (PDF). Slots- og Kulturstyrelsen. Erling Madsen/BFE. Retrieved 19 March 2017.
  3. ↑ "TDC A/S". Den Store Danske. Retrieved 19 March 2017.
  4. ↑ "TDCs historie". TDC. Retrieved 19 March 2017.
  5. ↑ Bertelsen, Jens (14 December 2000). "Tele Danmark ændrer navn til TDC". Computerworld. Retrieved 19 March 2017.
  6. ↑ "TDC lukker easyMobile i England - fortsætter i Tyskland". BT. Retrieved 28 February 2023.
  7. ↑ Krøyer, Kent. "TDC starter EasyMobile i England". Ing.dk. Retrieved 28 February 2023.
  8. ↑ Hemmingsen, Mikkel (1 May 2007). "TDC opsluger sine datterselskaber". Computerworld. Retrieved 19 March 2017.
  9. ↑ "TDC Kabel TV skifter navn". TV2. 26 September 2007. Retrieved 19 March 2017.
  10. ↑ "Bloomberg Business". Bloomberg.com. Archived from the original on 12 December 2010. Retrieved 29 July 2015.
  11. ↑ "Deals of the day- Mergers and acquisitions". Reuters. Retrieved 29 July 2015.
  12. ↑ Gubagaras, Mark Anthony. "Denmark's TDC acquires business communications provider". SP Global. Retrieved 28 February 2023.
  13. ↑ Jørgensen, Steen. "TDC køber kommunikationsløsningen Cirque". Mobil.nu. Retrieved 28 February 2023.
  14. ↑ Breinstrup, Thomas (27 January 2016). "Presset TDC bliver til YouSee i Danmark" . Retrieved 20 March 2017.
  15. ↑ "Nyt navn: TDC er blevet til YouSee". 27 June 2016. Retrieved 20 March 2017.
  16. ↑ Briel, Robert (1 February 2018). "TDC buys MTG Nordics to form converged business". Broadband TV News. Retrieved 9 April 2018.
  17. ↑ Hummelmose, Jens E. (1 February 2018). "Fusion: Ny underholdningskæmpe med YouSee, Viasat, TV3 og Viaplay". Rec.dk. Retrieved 9 April 2018.
  18. ↑ "Afvist TDC-bud med til at løfte aktieværdi med fem milliarder". Berlingske. 8 February 2018. Retrieved 9 April 2018.
  19. ↑ Madsen, Thomas Nygaard (8 February 2018). "Konsortium har ikke haft MTG-fusion som en del af planen for TDC-opkøb". MediaWatch. Retrieved 9 April 2018.
  20. ↑ Briel, Robert (13 February 2018). "TDC recommends new takeover offer". Broadband TV News. Retrieved 9 April 2018.
  21. ↑ Hummelmose, Jens E (12 February 2018). "TDC dropper opkøb af MTG". Rec.dk. Retrieved 9 April 2018.
  22. ↑ "Opkøbsønske godkendt: Vejen er banet for TDC-salg". Berlingske. 28 March 2018. Retrieved 9 April 2018.
  23. ↑ "Nye ejere klar til at afnotere TDC". Berlingske. 9 April 2018. Retrieved 9 April 2018.
  24. ↑ "Fullrate lægges sammen med YouSee". Digitalt.tv. Retrieved 20 January 2020.
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