Telia Company reaches agreement to sell part of its tower business in Norway and Finland to Brookfield and Alecta
Transaction summary · Brookfield, investing through its core-infrastructure fund, together with Alecta acquire 49 percent of Telia Company’s tower business in Finland and Norway · The transaction is in line with Telia Company’s digital infrastructure strategy which includes partnering to further develop and crystalize asset value · The transaction price corresponds to an enterprise value for 100 percent of EUR 1,524 million on a cash and debt free basis · The valuation equals an EV/EBITDA multiple of 27x 2020 · The total cash proceeds to Telia Company for the 49 percent