COPENHAGEN: According to the statics of Danish finance department released last week, the Denmark’s TDC group made 23.3 billion Kroner of revenues in 2014. After great year of its business in 2014 ,TDC Group is now considering to sell out its IT business if the right bid came along, allowing it to focus on its core fixed-line and mobile operations, it said on Monday.
The business, TDC Hosting, employs around 300 people and helps companies manage their IT needs, such as email accounts. It accounts for around 20 percent of Denmark’s IT-hosting market, with TDC itself among its major customers.
“It is a signal to investors that TDC is on top of things, and as TDC Hosting is a very small division it is not surprising that TDC is considering if the division would be better off with another owner,” Sydbank analyst Morten Imsgard said. He added a potential sale of the division, which last year had revenue of around 500 million Danish crowns ($71 million), would require a large buyer already in the hosting market.
