HOW OWNERS RANG THE CHANGES AT TDC
TDC CEO Henrik Poulsen says private equity ownership of the company has resulted in major improvements in profitability and customer service, therefore proving public prejudice wrong. “I think it came as a bit of a surprise and a shock that all of a sudden (TDC) was taken over by a handful of Anglo-Saxon private equity firms,” Poulsen says. On Monday, TDC awarded a contract to Ericsson to build a Danish LTE mobile network, which will position Denmark as one of the first European countries to use LTE-enabled handsets. TDC’s owners are set to announce plans to sell about DKK16 billion (USD2.9 billion) of shares in Denmark’s leading telecoms operator in what will be Europe’s biggest share issue of the year. FT writes.