Quantcast
Thursday , August 24 2017
Breaking News
Home / International Customs / Denmark / Denmark’s biggest telecoms network TDC considers bid for Swedish Com Hem
Denmark’s biggest telecoms network TDC considers bid for Swedish Com Hem

Denmark’s biggest telecoms network TDC considers bid for Swedish Com Hem

LONDON: Denmark’s biggest telecoms network operator Danish Telecommunications Company (TDC) is considering a bid for Swedish cable firm Com Hem, as it seeks to expand across the Nordic region.

The TDC is sounding out banks to fund a deal that could value the cable operator at more than 11.7 billion Swedish crowns ($1.56 billion) based on its current market price.

Com Hem Shares were up 1.5 percent at 57.85 crowns by 1140 GMT on Friday, just below their initial public offer price of 58 crowns in June.

Further the European private equity firm BC Partners, which acquired Com Hem in 2011 from Carlyle Group and Providence Equity Partners, has retained a 47.6 percent stake in the business and is hoping to recoup part of its investment through a deal with TDC.