TDC says company not for sale but could consider Nordic acquisition, European consolidation
TDC's new CEO, Pernille Erenbjerg, has said the listed Danish telecoms company, is not up for sale, according to Borsen.
The Danish business daily cited Erenbjerg as saying that TDC is always seen as being up for sale, but there are no current plans to sell the company.
TDC chairman Vagn Sorensen told the paper that the company's future may entail operating independently and possibly complementing the company with a Nordic acquisition.
He added that TDC may also end up participating in a larger European consolidation. TDC would consider both scenarios, he said.
When asked if the company has attracted the interest of a possible buyer, the chairman said that it has not.
The paper commented that the future of TDC within the European market is a prime issue for Erenbjerg.
The paper cited two analysts as saying they believed that TDC is unlikely to be able to survive as an independent company in the long term.
Borsen