TDC saw sales and profits fall in the third quarter, but said an eight percent reduction in costs meant it was on track to deliver its full-year guidance.

Revenues decreased 5.2 percent on a reported basis and 3.4 percent on an organic basis to DKK4.96 billion in the three months to 30 September.

Regulation, competition and customer losses were blamed for a 16.3 percent fall in revenues from businesses in Denmark.

However, it trumpeted a deal signed in October to provide communications services the Danish state and the vast majority of the country’s municipalities.

Financial details were not disclosed but TDC said it would boost EBITDA in 2018.

Sales at the operator’s consumer division in Denmark also dipped, by four percent, as mobile services growth of four percent could not offset declines in fixed-line broadband, TV and voice services.

The company pointed to cord cutting and “price-aggressive competitors” for the falls in TV and internet revenues respectively.

It lost 18,000 TV subscribers during the quarter but noted it had held onto its market share.

TDC Chief Executive Pernille Erenbjerg said: “We are operating in a changing TV market, where we see growing demand for digital content.

“Therefore, we have also launched a number of initiatives that bridge the gap between traditional TV and streaming, and as something completely new, we are now starting to give our customers exclusive content which they will only find on YouSee.”

In Norway TDC saw sales tick up 5.1 percent thanks to growth in broadband and TV.

Group organic EBITDA registered a 0.5 percent gain but fell three percent on a reported basis to DKK2.1 billion.

Net profit almost halved to DKK413 million due to upgrades to its cable network and negative currency effects.

Erenbjerg said: “We are on track in terms of our guidance for the year, but also in relation to our strategy which continues into 2018.

“If we disregard roaming regulation and the sale of TDC Hosting, then we are seeing a small growth in operating profit for the first time in three years.”

Read more: TDC sees Plenti of value in MVNO acquisition

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