TDC Erhverv A/S Due Diligence

Run due diligence on TDC Erhverv A/S: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by DKTUK Limited (United Kingdom) · tdc.dk · 22 vendors

TDC Erhverv is Denmark's leading B2B telecommunications and IT services provider, offering internet, telephony, network solutions, cybersecurity, and collaboration tools to over 50,000 businesses. The company provides end-to-end digital infrastructure solutions including WAN, LAN, mobility, and managed security services. It operates a local Security Operations Centre (SOC) and leverages Danish cyber threat intelligence to protect businesses against digital threats.

Resilience scores

Digital Sovereignty: 0
Digital Resilience: 8
Financial Resilience: 6

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Insights

Last updated 2026-09-13 · revision 2

22 direct vendors, 271 subvendors

Direct vendors by controlling owner country (sample)

United States: 15
Luxembourg: 1
Australia: 1

Subvendors by controlling owner country (sample)

Netherlands: 3
India: 1
Sweden: 9

Compliance

10 in-scope frameworks identified; showing 3.

Financials

Three-year financials

2025: revenue DKK 14.8B, EBIT DKK -253M, equity DKK 5.52B
2024: revenue DKK 14.6B, EBIT DKK -50.0M, equity DKK 5.68B
2023: revenue DKK 14.5B, EBIT DKK -2.00M, equity DKK 6.12B

Financial Resilience Score: 6/10

TDC Erhverv A/S benefits from its position as the largest Danish B2B telecoms provider with approximately 50,000 business customers, generating strong recurring revenues and high customer switching costs. The company is backed by deep-pocketed long-term owners including Macquarie infrastructure funds and major Danish pension funds (PFA, PKA, ATP), providing significant financial stability and access to capital. Its diversified portfolio spans connectivity, managed services, cybersecurity, unified communications, and cloud, with structural tailwinds from NIS2, GDPR compliance and enterprise cyber demand supporting the higher-margin services mix. However, resilience is tempered by structural erosion of legacy voice, SMS and low-end mobile revenues, intense competition from Telia, Telenor, 3 (Hi3G) and Global Connect, and high group-level leverage typical of infrastructure-fund ownership that has become more costly since the 2022 interest-rate rises. The company also has 100% Denmark revenue exposure with no geographic diversification, and ongoing IT-transformation costs at the Nuuday parent level have historically produced volatile bottom-line results. Without verified three-year financial figures, a mid-range score reflects the combination of strong incumbent scale offset by cyclical and structural pressures.

Key strengths: Incumbent scale with ~50,000 Danish business customers, Ownership by Macquarie and Danish pension funds (PFA, PKA, ATP), Diversified portfolio shifting toward higher-margin managed services and cybersecurity, Structural tailwinds from NIS2, GDPR and enterprise cyber demand, Strong recurring revenues and high customer switching costs

Risk factors: Structural erosion of legacy voice, SMS and low-end mobile revenues, Intense competition from Telia, Telenor, 3 (Hi3G) and Global Connect, High group-level leverage exposed to elevated interest rates, Ongoing IT-transformation costs producing volatile bottom-line results, 100% Denmark revenue exposure with no geographic diversification

Revenue by geography

Denmark: 100%

Workforce by country

Denmark: 750

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