Sale of Telia Denmark to Norlys closes
Telia Company today announces the closing of the sale of its operations and network assets in Denmark to Norlys a.m.b.a. (Norlys) at an enterprise value of DKK 6.25 billion, on a cash and debt-free basis. Telia intends to use the transaction proceeds for deleveraging purposes and, following the closing of the transaction, Telia’s net debt/adjusted EBITDA is now in the lower part of its 2.0-2.5x target range.The transaction, first announced on April 25, 2023 , is in line with Telia’s strategy of focusing on markets in which