Acquisition of GET and TDC Norway completed
Telia Company has today completed its acquisition of GET and TDC Norway. The transaction will position Telia Company as a strong challenger in mobile, TV and broadband on the Norwegian market. On July 17, Telia Company announced the acquisition of GET and TDC Norway at an enterprise value of NOK 21 billion on a cash and debt free basis. The purchase price corresponds to an EV/EBITDA multiple of 12.1x based on 2017, and 9.0x including expected synergies. Telia Company expects to generate full run rate synergies of NOK 0.7 billion by 2021 from B2C and B2B cross-sales, churn reduction,