TDC described its latest financials as “satisfactory”, despite sales and profits falling in the first half of the year.

Like-for-like revenues slumped 4.4 percent to DKK 10.4 billion (€1.39 billion) in H1, with decline at its enterprise arm the most serious.

Group EBITDA fell 7.9 percent to DKK 4.3 billion (€578 million), while total comprehensive income halved to DKK 1.1 billion (€147.9 million) due in part to increased pension obligations.

Sales to businesses fell by 11 percent as it registered decline across all of its product lines.

Further, it warned that the loss of “some major contracts” would lead to a net loss later in the year.

CEO Pernille Erenbjerg said: “The Danish market is still under pressure, and against this background, the results are satisfactory on most financial parameters.

“Our greatest challenge is still the Danish business market, which is characterised by intense price competition.”

In June, TDC sold its enterprise-focused Swedish arm to Tele2 as it looks to turn the rest of the business around.

Sales at its consumer arm fell over five percent as an increase in mobile services revenues was offset by falls in TV, broadband and voice.

However, gross profit from mobility services grew for the first time in five years.

During the period, the operator axed the TDC brand for retail customers and replaced it with YouSee – the name of its TV and broadband operations.

Earlier this year, TDC’s new Chief Customer Officer told European Communications that TDC was associated with landline and other “classic” telco products.

There was better news at its opco in Norway, where revenues rose by 4.7 percent.

Growth was driven by a 12 percent increase in broadband sales as the operator attracted 22,000 new customers and increased ARPU.

 

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