Danish internet and broadband provider Cybercity close to being sold  

2005.05.09
The sale of Cybercity, one of Denmark's leading internet and broadband service providers, is entering its final stages according to national newspaper Berlingske Tidende

The sale of Cybercity, one of Denmark's leading internet and broadband service providers, is entering its final stages according to national newspaper Berlingske Tidende which reports the news. The owners, comprising a number of international investors including Advent International, Lehman Brothers, Merrill Lynch, Nordic Venture Partners and Four Seasons Partners, expect a sale price of up to DKK 1 bn (USD 170 mn).

Henrik Clausen, managing director of Cybercity, declines to comment but says that the internet provider is increasing its customer base and market share in Denmark. Since 2000, Cybercity has invested DKK 657 million (USD 112 mn) to become a national supplier of broadband, and this year a further DKK 150 mn (USD 25.5 mn) is being invested in the company.

Cybercity, which is headquartered in Copenhagen, develops, manages and sells broadband solutions and network-based products such as state-of-the-art security and VPN [virtual private network – Ed] products for private and corporate customers. Cybercity was founded in 1995 and employs about 250 people.

Link > Cybercity 

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