TDC has pulled out of a merger with mediaco MTG after being approached by another bidder, leading to frenzied speculation about its future ownership.

The Denmark-based operator said today (12 February) that an unnamed bidder had expressed interest in acquiring all of its shares.

“There can be no certainty that the current discussions will lead to the potential bidder making an offer,” TDC said in a statement.

It did not provide any other details.

Sweden-based Telia was quick out of the blocks to deny it was the new interested party.

“Telia Company confirms that as part of the strategic review regarding our position in Denmark we have investigated our various alternatives which have included also a possible acquisition of TDC,” it said in a statement.

“Telia Company confirms that it is not presently in discussions with TDC.”

Telenor is the other major operator group present in Denmark but it had not commented at the time of writing.

The activity come less than two weeks after TDC agreed to a merger with MTG Nordics and just four days after it rejected a bid from a group of financial companies who wanted to take control of the company.

The deal with MTG Nordics, which owns broadcasting, streaming and distribution operations, as well as a production arm, was trumpeted as creating Europe’s first genuine media and communications provider.

However, TDC said that the terms of that deal meant its board of directors could withdraw their recommendation for the merger if a takeover offer was made.

MTG released a statement saying it had been informed of the news but made no further comment.

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