Danish telecomms group TDC A/S sells Ericsson Business Phone telephony systems activities to Relacom Denmark A/S

Nordic Business Report, June 12, 2008

NORDIC BUSINESS REPORT-12 June 2008-Danish telecomms group TDC A/S sells Ericsson Business Phone telephony systems activities to Relacom Denmark A/S(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Danish telecomms group TDC A/S (OMX Copenhagen:TDC) said on Thursday (12 June) that it has agreed to sell its Ericsson Business Phone telephony systems activities to Relacom Denmark A/S.

No financial details were disclosed.

As part of the deal 39 TDC employees will transfer to Relacom Denmark.

TDC said that the transaction is part of its strategy to focus and simplify its operations.

TDC, headquartered in Copenhagen, Denmark, is one of the Nordic region's leading telecomms operators. The group has 13,000 employees and reported revenue of DKK39.32bn in 2007.

One British pound (GBP) is worth approximately 9.35 Danish kroner (DKK).

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