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TDC NET Holding A/S

TDC NET Holding A/S is the Danish holding company for TDC NET, the network infrastructure business of the TDC Group. The company operates fixed and mobile telecommunications network assets in Denmark and provides wholesale network access and related connectivity infrastructure.

Kysy yhtiöstä
Liikevaihto6 344milj. DKK
−1,7 %v/v
Liikevoitto (EBIT)1 422milj. DKK
−24,2 %v/v
EBIT-marginaali22,4%
−6,7 %-yks.v/v
Nettotulos−58,0milj. DKK
−114,1 %v/v
Vapaa kassavirta689milj. DKK
−18,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

02 0004 0006 0008 000milj. DKK2022: 6 639 milj. DKK2022: EBIT 1 979 milj. DKK20222023: 6 461 milj. DKK2023: EBIT 1 691 milj. DKK20232024: 6 455 milj. DKK2024: EBIT 1 877 milj. DKK20242025: 6 344 milj. DKK2025: EBIT 1 422 milj. DKK20256 3441 422
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: TDC NET Holding A/S

Liiketoiminta

Osuus liikevaihdosta
Fixed network infrastructure45 %

Broadband and access network services delivered over fiber and legacy copper infrastructure.

Mobile network infrastructure30 %

Mobile network capacity and coverage services supporting wireless connectivity.

Wholesale services20 %

Network access and capacity sold to telecom operators and service providers.

Network operations services5 %

Build, operate, maintain, and manage network assets and supporting infrastructure.

Asiakkaat

TDC NET sells primarily to telecom operators, service providers, and other wholesale customers that need access to national network infrastructure. It also serves businesses and public-sector users indirectly through wholesale and network access arrangements. Demand is shaped by the need for reliable fixed and mobile connectivity across Denmark.

Telecom operators

Buy wholesale access, capacity, and interconnection to serve their own retail customers.

Service providers

Purchase network services and infrastructure access to build bundled communication offers.

Enterprise and public sector

Use broadband and connectivity infrastructure that supports business and institutional communications.

Residential users via partners

Receive fixed and mobile connectivity indirectly through retail partners using TDC NET assets.

Strategia

The business strategy is centered on maintaining and upgrading national network infrastructure while supporting broad connectivity coverage in Denmark. Long-term value depends on reliable operations, continued network investment, and efficient delivery of wholesale access to telecom customers.

Network modernization and coverageKeskipitkä aikaväli

Network quality and coverage are the foundation of customer retention and wholesale demand.

Wholesale customer serviceLyhyt aikaväli

The business depends on long-term relationships with operators and service providers that resell or use its infrastructure.

Operational resiliencePitkä aikaväli

As critical national infrastructure, service continuity and maintenance discipline are essential to competitive position.

Maantiede

TDC NET is centered on Denmark, where its core network infrastructure is built and operated. The business is tied to a single national market, so regulatory conditions, population density, and infrastructure investment cycles in Denmark are especially important. Its network footprint and operations are therefore concentrated rather than geographically diversified.

Riskit

TDC NET faces risks typical of regulated telecommunications infrastructure businesses, including heavy capital requirements, technological change, and service reliability exposure. Because its operations are concentrated in Denmark, changes in local regulation, competition, or demand can have an outsized impact on the business. The annual report also highlights sustainability and workforce topics, including health and safety and value-chain worker considerations, which are relevant for a network operator with extensive physical infrastructure.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Capital intensity and upgrade pressure1Single-market concentration2Network reliability and outages3Health and safety in field operations4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Capital intensity and upgrade pressureVaikutus: KorkeaTodennäköisyys: Korkea

    Network businesses require continuous investment to maintain coverage, capacity, and competitiveness.

    Kohdistuu: Fixed and mobile network assets

  2. Single-market concentrationVaikutus: KorkeaTodennäköisyys: Korkea

    The company is primarily exposed to Denmark, so domestic regulation and demand trends matter disproportionately.

    Kohdistuu: Danish telecommunications market

  3. Network reliability and outagesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Wholesale customers depend on dependable infrastructure, so service interruptions can impair trust and renewal rates.

    Kohdistuu: Operations and maintenance

  4. Health and safety in field operationsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Maintenance and build activities create physical safety exposure for employees and contractors.

    Kohdistuu: Own workforce and value chain

Kysy Clarifolta: TDC NET Holding A/S

Kirjanpito

Harkinnanvaraiset erät
GHG emissions restatements

Updated emission factors and methodological changes altered historical sustainability figures.

Vaikutus: Affects comparison of year-over-year sustainability performance

Infrastructure depreciation

Network assets are long-lived and require judgment on useful lives and residual values.

Vaikutus: Affects operating profit and asset carrying values

Sustainability-linked finance metrics

KPI measurement can influence disclosures and performance tracking under financing frameworks.

Vaikutus: Affects covenant and sustainability reporting interpretation

Päivitetty: 24.10.2026