Telia Company in agreement to sell Telia Latvia to Tet
· Telia Company in agreement to sell 100% of the shares in Telia Latvia – a leading B2B telecom services provider – to Tet following an open auction process · Sales price corresponds to an enterprise value of EUR 10.75 million on a cash and debt free basis, representing a FY 2021e EV/EBITDA multiple of 10x · Telia Company remains committed to Latvia with its 49% ownership in the fixed network operator Tet and 60.3% ownership in the mobile network operator LMT Telia Company has today entered into an agreement to sell its 100% ownership in Telia Latvija SIA (“Telia Latvia”) to Tet