The private equity owners of TDC, the Danish telecoms company that was Europe’s largest leveraged buy-out when purchased for EUR13 billion in 2005, have delayed a large share sale, according to the Financial Times. The sale had been due to take place in the first half of this year but is now scheduled for the second half. The main reason for the delay is a decision by Swiss regulators to block a proposed merger of TDC’s Swiss mobile phone business with France Telecom’s Orange.