Fitch: No impact on TDC ratings

Fitch Ratings said it does not expect the intended sale by TDC A/S of its Lithuanian and Latvian mobile subsidiary Bite to affect TDC's issuer default rating of BB- or its BB+ rated senior secured bank facilities, its BB- rated euro medium term note program bonds, or NTC Holdings' B+ rated senior notes.

Fitch said its view is based on the fact that Bite represents a relatively small proportion of TDCs overall revenues and EBITDA, so the sale will have a minimal effect on TDCs results. The sale also is in line with the company's strategy to focus on the Nordic region, the agency said.

The rating impact of any potential reinvestment of the proceeds in new business lines or in acquisitions will be considered on a case-by-case basis, Fitch added.

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