TDC Denmark is being tipped to sell off its roughly 63% stake in Hungarian Telephone and Cable Corp (HTCC), following the completion of the Hungarian firm’s merger with rival operator Invitel, according to a report in the Financial Times citing ‘industry sources’. In January 2007 HTCC agreed to pay Mid Europa Partners and GMT Communications Partners USD611 million for Invitel including debt. Unnamed industry sources say the transaction is a pre-cursor to a sale of the combined unit given TDC’s commitment to divest non-core assets.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors