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BRIEF-TDC divests its TDC Hosting unit; cuts 2017 EBITDA outlook
February 6, 2017 / 7:17 AM / 8 months ago

BRIEF-TDC divests its TDC Hosting unit; cuts 2017 EBITDA outlook

Feb 6 (Reuters) - Tdc A/S :

* Divests its subsidiary TDC Hosting

* Parties have agreed not to disclose purchase price

* Divestment changes TDC’s guidance for 2017 for EBITDA, whereas guidance for EFCF and DPS are unchanged

* Sales proceeds will be applied towards debt reduction

* Changes EBITDA guidance from >8.3 bilion to >8.2 bilion crowns

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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