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TDC repurchases €350m of notes to cut debt

Connectivity BusinessbyConnectivity Business
December 15, 2016
in Financing, Space Services
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Danish incumbent telco TDC has repurchased €350m (US$365m) of notes tendered in the bond buyback launched last week for a total €394m (US$411m) – a transaction aimed at reducing liabilities of some Dk43.6bn (US$6.2bn). The company’s debt-cutting strategy prompted the sale of its Swedish mobile operations to local rival Tele2 in September. Talks to sell the remainder […]

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Tags: Apollo Global ManagementBNP ParibasEuropePremiumSkandinaviska Enskilda BankenTDCTDC SwedenTele2TeliaTF251
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