COPENHAGEN, Denmark, Jan. 19, 2007 (PRIME NEWSWIRE) -- Today TDC A/S ("TDC") announces that a final agreement has been signed regarding the divestiture of its 100 percent-owned Baltic mobile operator Bite Lietuva ("Bite") to the Central and Eastern European private equity fund Mid Europa Partners.
The total cash consideration is EUR 0.45bn. TDC's gain from the sale of the shares is taxfree and is estimated to be approximately DKK 1.2bn., which will be included in the 1Q 2007 statement of income under special items. The transaction is expected to close in early February 2007.