Macquarie Asset Management has entered into an agreement to acquire an additional 50 per cent stake in TDC Group from PFA, PKA and ATP. This investment will result in Macquarie managing 100 per cent of the Group.
In 2018, Macquarie, ATP, PKA and PFA, delisted TDC Group from the country’s stock exchange, creating two independent businesses with expertise in digital infrastructure (TDC NET) and premium customer service delivery (Nuuday).
Since then, TDC NET 5G network covered 99 per cent of Denmark, and rolled out fibre into the areas of the country that were not covered by other fibre networks, with around 800,000 homes passed to date.
The consortium has also supported over DKK 1 billion investment to support Nuuday to migrate its IT systems to the latest cloud-based solutions. Today Nuuday’s brands have approximately 5.9 million Danish customer relations.
Macquarie Asset Management has been investing in the telecom sector for more than 25 years with over 30 specific investments globally across data centres, towers, public safety networks, and wireline network companies.