TDC is dropping the plan to sell its US-listed Hungarian alternative fixed line operator, Hungarian Telephone and Cable Corp (HTCC), due to the economic crisis in the global market. TDC has put the unit up for sale in July but is descending its proposed sale of its 64.6% stake saying it ‘has determined that, at this time, in light of the current period of uncertainty in financial and economic conditions, HTCC will continue to pursue its strategy as a publicly-traded company while continuing to consider initiatives to enhance shareholder value.’ HTCC is operating under the brand name Invitel in Hungary and is the nation’s second largest operator having more than a million customers.

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