Swisscom, Switzerland's national telecoms carrier, is considering joining forces with a consortium of private equity firms to launch a $12bn (€10.2bn) bid for TDC, its Danish counterpart, in what would be Europe's largest buy-out.

The Wall Street Journal reports that Swisscom is in talks with two UK buy-out houses, Cinven and BC Partners, and two US firms, Apollo Management and Silver Lake Partners. It cites sources close to the bidding.

Swisscom links with buy-out firms for TDC

Swiss government plans Sfr 4.2bn sale of telecoms carrier

Andrew Dewson

Apollo Management

Kohlberg Kravis Roberts

Swisscom

Blackstone Group

Goldman Sachs

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