Denmark-based telecommunications operator TDC has decided to divest its German mobile service provider Talkline to Germany-based European mobile service provider debitel for EUR 560 million corresponding to DKK 4.2 billion. The sale is expected to result in an after tax gain of approximately DKK 3.3 billion. The divestment is part of TDC’s strategy to focus on the Danish and Nordic markets. Talkline is Germany’s third biggest service provider and has in total 3.8 million customers in 2006 including the customers of the mobile discount brand callmobile. debitel is Germany’s largest service provider and has in total 9 million customers and approximately 2,400 employees. The sale is subject to approval from the EU competition authorities. This transaction could mean that the remaining larger German mobile service providers, Drillisch (1.763 million customers in 2006) and freenet (5.12 million customers on 31 March 2007), will be forced to combine their operations to be able to stay competitve.
Wireless Federation » TDC sells Talkline to debitel for EUR 560 mln
TDC sells Talkline to debitel for EUR 560 mln
- June 5th, 2007
- 9:42 am
