February 12, 2018 / 11:31 AM / in 6 months

Telia held talks with TDC last week on possible offer - Business daily DI

STOCKHOLM (Reuters) - Swedish telecom operator Telia Company (TELIA.ST) last week held talks with the board of Denmark’s TDC TDC.CO regarding a possible bid for the Danish firm, business daily Dagens Industri (DI) reported on Monday, citing sources close to the process.

A flag flutters at the Telia telecommunication company headquarters in Helsinki, Finland, May 5, 2017. REUTERS/Ints Kalnins

Telia was not immediately available for comment.

DI reported Telia’s management had discussed with TDC regarding the possibilities to make a successful bid for TDC, including bid levels. The newspaper did not disclose the identity of its sources.

The newspaper cited one of the sources as saying Telia’s interest in its Danish rival had however cooled in the wake of the sharp rise in TDC’s stock after it said it had rejected a $6 billion (4.33 billion pounds) takeover approach from Australia’s Macquarie (MQG.AX) and three Danish pension funds.

Reporting by Johannes Hellstrom; editing by Niklas Pollard

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