OREANDA-NEWS. December 23, 2015. Fitch Ratings says in its Danish Telecoms Dashboard that while the rate of market revenue decline is slowing, the pace of EBITDA contraction is increasing driven by competitive pressures. This bucks the trends of some other western European markets where financial performance is likely to stabilise over the coming years.

Fitch expects these pressures to remain over the next 12 to 18 months with incumbent TDC most exposed to the Danish market contraction. While TDC is well positioned with market-leading broadband assets, commercial pressures and EBITDA erosion is likely to impact the rate of deleveraging following the acquisition of GET in Norway. This is reflected in TDC's recent downgrade to 'BBB-'.

The '2H15 Danish Telecoms Dashboard' explores key trends in the sector and their impact on the main network operators in the country, including the following:

Key theme: No quick fixes.

What Fitch is watching:
- EBITDA declines and whether these continue over the medium term
- Telenor's decision after it reviews its strategic options for the market.
- Outcome of upcoming 1800MHz spectrum auction in 2016