Danish incumbent TDC has unveiled a new three-year strategy as it looks at options for its Swedish business. The company has begun a strategic review of TDC Sweden, which offers IT and communications solutions to enterprise clients, as it looks to focus on its core consumer-facing operations in Denmark.
Danish incumbent TDC (CPH:TDC) has unveiled a new three-year strategy and at the same time said it is looking at options for its Swedish business.
It has begun a strategic review of TDC Sweden, which offers IT and communications solutions to enterprise clients, as it looks to focus on its core consumer-facing operations in Denmark.
In its preliminary results for 2015, TDC Sweden contributed DKr2.7bn (US$394m) of TDC’s DKR24.4bn (US$3.56bn) revenue, and DKr300m (US$43.8m) of its DKr9.8bn (US$1.43bn) EBITDA.
TDC declined to comment further on why it was examining a sale of the unit or whether it had hired an external adviser for the process.
The group also announced the end of its strategic review of IT solutions unit TDC Hosting, which it put on the block last April. At the time, TDC told TelecomFinance it saw ongoing consolidation in the hosting market and expected it to become increasingly intense over the coming year. The company conducted that review in-house.
Since then, TDC’s management has been overhauled. Former CEO Carsten Dilling was was replaced with CFO Pernille Erenjberg (pictured) last August, and Stig Pastwa was announced as the new CFO in December.
The telco’s 2016-2018 strategy is focused on customer satisfaction and cash flow generation. TDC said it planned to offer better connectivity, offerings, entertainment and customer experience.
“A simplified and standardised digital operating model, a clear focus on people (employees and society) and a diligent focus on financial and commercial management shall enable TDC Group to deliver on these core customer promises,” the company said in a press release.