0
General

TDC backs away from MTG deal after new bidder emerges

Monday 12 February 2018 | 11:50 CET | News
Update: 12 February 2018 | 12:57 CET
Denmark's TDC Group intends to withdraw its recommendation for merging the company with MTG Nordic Entertainment and MTG Studios. TDC said it has been approached by a potential bidder for all of its shares, and that if this party does indeed go ahead and make an offer, the board of directors would withdraw its backing for the earlier agreed transaction with MTG. TDC said there can be no certainty that the discussions will in fact lead to the potential bidder making an offer.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?


[12/02/2018 12:21 - Update: Changes headline, adds DR speculation on identity of potential bidder]
[12/02/2018 12:52 - Update: Adds claim by Swedish newspaper DI]
[12/02/2018 12:57 - Update: Adds Telia's denial that it is in talks with TDC]


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Modern Times Group / TDC
Countries: Denmark / Sweden
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

NENT plans to list shares in March, appoints new directors to board

Published 11 Sep 2018 12:19 CET | Sweden
Modern Times Group (MTG) has announced plans to list spin-off company Nordic Entertainment Group's (NENT's) shares early next ...

MTG lifts Q2 net sales and operating profit as NENT and international entertainment fare well

Published 18 Jul 2018 10:39 CET | Sweden | Update: 18 Jul 2018 10:54 CET
Modern Times Group (MTG) reported second quarter sales of SEK 5.01 billion, up by 18 percent from SEK 4.25 billion a year ...

MTG spin-off Nordic Entertainment launches own brand identity

Published 11 Jun 2018 19:44 CET | Sweden
Modern Times Group spin-off company Nordic Entertainment Group (NENT Group) has launched its own logo, website and social media ...

MTG Q1 posts 9% organic rise in net sales, profit up 73% ahead of split

Published 23 Apr 2018 12:26 CET | Sweden
Modern Times Group (MTG) said its 9 percent organic growth in net sales in the first quarter and a 73 percent rise in profit ...

European Commission clears Macquarie consortium's bid for TDC

Published 28 Mar 2018 19:43 CET | Denmark
DK Telekommunikation, a consortium of pensions firms PFA, PKA and AMP and of Macquarie Infrastructure and Real Assets, said the ...

MTG names Wallestam CEO of MTG Sweden from 01 April

Published 27 Mar 2018 13:23 CET | Sweden
Modern Times Group (MTG) has announced the appointment of Filippa Wallestam as the new CEO of MTG Sweden from 01 April. She has ...

TDC Reinsurance stake sale to Macquarie consortium gains financial watchdog approval

Published 23 Mar 2018 13:54 CET | Denmark
The Danish Financial Supervisory Authority said it has approved DK Telekommunikation as an indirect owner of a qualified interest ...

Modern Times Group spins off Nordic Entertainment as listed company

Published 23 Mar 2018 12:26 CET | Sweden
Modern Times Group (MTG) has decided to split into two companies, one for e-sports, gaming and digital entertainment, and the ...

Strategieen voor omroepen en operators in het Netflix-tijdperk

Published 16 Mar 2018 14:42 CET | Netherlands
De mediasector bevindt zich in een transitiefase. Distributiemodellen veranderen, waardoor omroepen en operators hun rol moeten ...

Telenet takeover of De Vijver Media may mean more content-distribution mergers coming up

Published 08 Mar 2018 12:32 CET | Belgium
Telenet has agreed to increase its stake in De Vijver Media from 50 to 100 percent, giving it control of the SBS Belgium ...

TDC says UBS declares 12.41% stake

Published 08 Mar 2018 12:20 CET | Denmark
Danish operator TDC has announced that UBS Group has declared that it now holds 12.41 percent of shares and voting rights in the ...

TDC formally confirms recommendation of Macquarie deal and withdraws support for MTG merger

Published 02 Mar 2018 12:05 CET | Denmark
Modern Times Group (MTG) said it has taken note of TDC's announcement that its board of directors has withdrawn, as it said it ...

TDC formally publishes offer document from Macquarie consortium

Published 28 Feb 2018 12:39 CET | Denmark
Danish operator TDC has formally published the offer document for all of its shares from the consortium of pension companies PFA, ...

TDC says UBS declares stake of over 10%

Published 28 Feb 2018 12:19 CET | Denmark
Danish operator TDC said that UBS Group has informed it that on 21 February, UBS had acquired shares and financial instruments in ...

Waoo! offers Viasat Large TV bundle at discount for 3 months

Published 22 Feb 2018 10:04 CET | Denmark
Danish ISP Waoo!, which belongs to an association of regional broadband providers, is offer the Viasat Large TV package for DKK ...

Modern Times Group sells 95% stake in Nova Broadcasting to PPF Group

Published 19 Feb 2018 12:17 CET | Bulgaria
Modern Times Group (MTG) said it is selling its 95 percent shareholding in Nova Broadcasting Group in Bulgaria to PPF Group, the ...

Last week in telecoms: 5G, capex budgets and an offer for TDC drive share prices

Published 19 Feb 2018 08:10 CET | Europe
It was a week of recovery, both in the general market and in the European telecoms sector. Our index gained 1.7 percent, versus ...

YouSee offers Denmark's first terabyte mobile broadband package, adds 100 GB mobile telephony bundle

Published 13 Feb 2018 13:44 CET | Denmark
TDC said that its YouSee consumer division will become the first operator in Denmark to offer a 1 terabyte monthly mobile ...

TDC to recommend new takeover offer from Macquarie consortium

Published 13 Feb 2018 10:44 CET | Denmark
Danish operator TDC said a consortium of pensions companies PFA, PKA, ATP, and Macquarie Infrastructure and Real Assets, has ...

TDC rejects takeover offer from pension funds, Macquarie

Published 08 Feb 2018 08:39 CET | Denmark
Danish operator TDC announced that it's rejected a takeover proposal from a group made up of pension funds PFA Pension and ...

Nordic media consolidation set to continue as US VoD firms still dominate in Q4

Published 06 Feb 2018 15:39 CET | Sweden
Swedish consultancy Mediavision predicts more consolidation on the local VoD market, which is still dominated by US operators ...

MTG says Q4 profits steady at Nordic Entertainment and Studios, MTGx has first quarterly profit

Published 01 Feb 2018 12:23 CET | Sweden
Modern Times Group (MTG) has announced stable fourth-quarter operating profit at Nordic Entertainment and MTG studios, which it ...

TDC buys Modern Times Group Nordics to form converged business under new name

Published 01 Feb 2018 09:45 CET | Denmark
Modern Times Group (MTG) said it has agreed to combine its Nordic Entertainment and MTG Studios businesses with TDC Group to ...

Telia denies plan to buy TDC, might even leave Denmark

Published 30 Jan 2017 12:13 CET | Denmark
Telia Company is not currently contemplating any attempt to acquire Danish operator TDC, according to a report by news agency TT ...

TDC may bid for Com Hem to avoid Telia takeover - report

Published 20 Jan 2017 13:11 CET | Denmark
Telia Company is considering an approach to Danish operator TDC, sources told Swedish financial newspaper Dagens Industri, ...

TDC says Capital Group Company funds raise stake beyond 15%

Published 10 Feb 2015 11:42 CET | Denmark
Danish telecommunications group TDC said that mutual funds managed by the Capital Group Companies (CGC) acquired enough stock in ...

TDC says Capital Group Companies owns over 10% of shares

Published 06 Nov 2014 11:52 CET | Denmark
TDC has announced that The Capital Group Companies (CGC) informed it that as of 03 November, CGC had a stake of over 10 percent ...