Danish broadband supplier gains DKK 50 mn investment  

2005.08.25
Dansk Bredbånd, one of Denmark's leading suppliers of broadband solutions based on optical fibre technology, has received a DKK 50 mn (USD 8 mn) investment from four of its main shareholders

Dansk Bredbånd, one of Denmark's leading suppliers of broadband solutions based on optical fibre technology, has received a DKK 50 mn (USD 8 mn) investment from four of its main shareholders, the Danish Labour Market Supplementary Fund (ATP), Dansk Kapitalanlæg, InnFond and NEF Fonden. The cash will be used to ensure operation of the company and a solid capital base.

Kim Sonne, managing director of Dansk Bredbånd says that the investment is an expression of the shareholders' satisfaction with the company's progress. Dansk Bredbånd is currently collaborating with 12 energy companies on rolling out optical fibre networks in Denmark.

Dansk Bredbånd which is based in Copenhagen, offers a three-in-one solution to its customers consisting of a fast internet connection, IP telephony and TV. The broadband firm also supplies on demand services such as films, games and other entertainments. The news was reported by Computerworld.

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