Divestment of Fullrate A/S to TDC A/S
ATRIUM Partners advised Fullrate
Divestment of Fullrate A/S to TDC A/S
Sector(s) : IT Software / Services and B to B
Date : March 2009
Advisor(s) : Atrium Partners
Advised : Sell Side
Mid-Capital partner ATRIUM Partners advised Fullrate
ATRIUM Partners has acted as financial advisor to the founders and shareholders of Fullrate A/S in connection with the sale of Fullrate to TDC.
Fullrate is a Danish nationwide supplier of inexpensive mobile and regular ADSL and SDSL broadband and tele products to B2B and B2C. Since Fullrate were founded in November 2005 the company has centred on delivering the cheapest broadband solution in the market with the highest quality.
By the end of 2008 Fullrate had approx. 76.000 broadband customers, a turnover of DKK 181 million and an EBITDA of DKK 36 million. By the end of February 2009 the client base had risen to more than 82.000 customers equalling a market share of approx. 4 %.
TDC is Denmark’s largest tele company and holds a strong market position in Denmark within fixed line- and mobile telephony, internet and data communication and cable TV.
Fullrate will remain an independent company and brand within the TDC concern and the management of Fullrate will continue unchanged.
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