DENMARK - KKR et al. backed-TDC enters strategic partnership with Ericsson

Under the seven year agreement Ericsson will manage, develop and modernise TDC’s entire mobile network. The Swedish mobile-giant will also replace TDC’s existing radio equipment, including more than 1,000 base stations in order to implement a single-vendor network.

Approximately 220 TDC employees will be affected by the agreement and will be transferred to Ericsson.

Apax, Blackstone, KKR, Permira and Providence, through Nordic Telephone Company ApS (NTC), made a cash-offer of DKK 382 per share to de-list TDC from Copenhagen Stock Exchange and NYSE for a total value of DKK 76bn (EUR 10.1bn) in January 2006

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