Monday, 8 October 2012

TDC gives up on Nokia?

Danish press is reporting that the nation’s largest operator TDC A/S (OMX: TDC) is dropping Nokia (OMX: NOK1V, NYSE:NOK) out of its stores altogether over a dispute regarding Nokia’s contribution toward marketing costs and phone subsidies. The source is an internal email that website mobilsiden.dk apparently got a hold off. The two companies refused comment. Other three major operators TeliaSonera (OMX: TLSN), Telenor (OSE:TEL) and 3 continue to carry Nokia phones. Ailing Finnish company has worked hard to improve its historically mixed operator relationships world over but its quick burn rate has forced the company to be more cash conscious in its operations and to try to find additional sources of liquidity.

***UPDATE Monday afternoon***

Following intense media speculation, the two companies quickly struck a deal and TDC will continue to offer Nokia's products

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