In this work, we treat the newly observed doubly charmed four-quark state Tcc+ as an axial-vector tetraquark with content ccu‾d‾, and calculate its spectroscopic parameters and width. The mass and current coupling of the tetraquark Tcc+ are found by means of the QCD two-point sum rule method by taking into account quark, gluon and mixed condensates up to dimension 10. The width of the Tcc+ is evaluated using partial widths of decay processes Tcc+→T˜π0 and Tcc+→Tcc;u‾u‾0π+, where T˜=ccu‾d‾ and Tcc;u‾u‾0 are scalar tetraquarks. To compute the partial width of the first process, we apply the QCD three-point sum rule approach and exact numerical value of the strong coupling g that corresponds to the vertex Tcc+T˜π0. The width of the second decay is estimated using isospin symmetry and the prediction obtained for the first channel. Our results for the mass m=(3868±124)MeV and width Γ=(489±92)keV of the tetraquark Tcc+ are in a nice agreement with recent measurements of the LHCb collaboration.